cummins
Washington (AFP) - US engine maker Cummins Inc has agreed to pay $1.67 billion to settle claims it installed devices to defeat emissions controls in hundreds of thousands of pickup truck engines, the Justice Department said Friday. The penalty is the largest civil fine ever for a violation of the Clean Air Act, which requires vehicle and engine manufacturers to comply with emissions standards, the department said. Cummins, which is based in Columbus, Indiana, was accused of installing defeat devices in the engines -- parts or software that can bypass emissions controls or render them inoperati...
AFP
Cummins had a strong quarter marred only by a slight margin weakness that is easy to overlook.The stock trades at a reasonable price/valuation and offers a better-than-average yield.A shift away from Carbon is helping to power a rally.5 stocks we like better than CumminsAlthough the Q4 results and outlook have Cummins (NYSE:CMI) shares moving lower in the wake of the release, the indications suggest the stock can move higher. Not only is the trend in the stock price still up, but that trend is supported by results and institutional activity and, to a lesser extent, the analysts. The analysts a...
ValueWalk
Cummins Inc. (NYSE:CMI) designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. Cummins’ Dividend GrowthOver the past decade, this dividend achiever has managed to increase dividends at an annualized rate of 15.50%. However, the five-year rate is a more reasonable 7% annualized. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't ...
ValueWalk
SummaryThere is a change in Cummins Inc. (NYSE:CMI) (CMI or the Group) business direction from diesel engines to electric and hybrid powertrains. This would give CMI a different growth trajectory.Q2 2021 hedge fund letters, conferences and more The powertrain market is a much bigger market than that for diesel engines or generators. This would provide CMI a longer return and growth runway.CMI is fundamentally strong would a good track record of revenue and earnings growth. Over the past decade, it had performed better than average compared to its peers.I valued CMI at USD 301 per share based o...
ValueWalk
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