CMI - Major Purchase Alert: William Daniel Fisher Invests $149K In Cummins Stock | Benzinga
William Daniel Fisher, Director at Cummins (NYSE:CMI), disclosed an insider purchase on February 28, based on a new SEC filing.
What Happened: Fisher's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, involves purchasing 562 shares of Cummins. The total transaction value is $149,810.
Cummins shares are trading down 0.0% at $268.54 at the time of this writing on Wednesday morning.
About Cummins
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
Cummins: Delving into Financials
Revenue Growth: Cummins displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 9.95%. This indicates a notable increase in the company's ...