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Luther E. Peters, VP - Corporate Controller at Cummins Inc (NYSE:CMI), sold 4,850 shares of common stock on August 8, 2025, for a total of $1,887,559. The sales were executed in multiple transactions, with prices ranging from $388.8556 to $389.846. The stock is currently trading near its 52-week high of $399.09, having delivered a remarkable 40% return over the past year. According to InvestingPro analysis, Cummins appears fairly valued at current levels.
Peters also exercised stock options to acquire 4,850 shares at a price of $109.09 per share, for a total value of $529,086. The machinery giant, with a market capitalization of $54.8 billion, trades at a P/E ratio of 18.6x.
Following these transactions, Peters directly owns 10,918.4430 shares of Cummins Inc. common stock and indirectly owns 568.6314 shares through a 401(k) plan. He also holds options to purchase 11,050 additional shares at prices ranging from $142.12 to $163.43. For deeper insights into Cummins’ valuation metrics and 16 additional InvestingPro Tips, including dividend history and financial health scores, check out the comprehensive Pro Research Report.
In other recent news, Cummins reported a robust second quarter for 2025, with earnings per share reaching $6.43, significantly surpassing the analysts’ forecast of $5.26. The company’s revenue also exceeded expectations, coming in at $8.6 billion compared to the anticipated $8.47 billion. Despite these strong earnings, Cummins has not reinstated its full-year guidance, citing uncertainties tied to macroeconomic conditions, freight, and tariffs. Following these results, Bernstein SocGen Group raised its price target for Cummins to $385, maintaining a Market Perform rating. Wolfe Research upgraded Cummins to an Outperform rating, highlighting the company’s structurally higher margins and earnings potential. Meanwhile, CFRA increased its price target to $400, maintaining a Hold rating, due to growth opportunities in Cummins’ Power Systems and Distribution segments. Freedom Broker downgraded Cummins from Buy to Hold, even as it raised the price target to $399, acknowledging the company’s diversified portfolio as a strength against declines in its Engine and Components segments. These developments reflect a mixed but generally positive outlook from analysts regarding Cummins’ financial health and market position.
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