Insider Sale: Vice President and Chief Administrative Officer Sharon Barner sells 6,489 shares of Cummins Inc. …

On August 21, 2024, Sharon Barner, Vice President – Chief Administrative Officer of Cummins Inc (NYSE:CMI), completed a sale of 6,489 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this sale, the insider now owns 20,873 shares of Cummins Inc.

Cummins Inc. is a global energy leader that designs, manufactures, markets and services diesel and natural gas engines and related technologies, including fuel systems, controls, air treatment, filtration, emissions solutions and power generation systems.

Over the past year, the insider has sold a total of 32,039 shares and made no purchases. This latest transaction is part of a broader trend observed over the past year, when there were 3 insider purchases and 14 insider sales at Cummins Inc.

Cummins Inc. shares traded at $304.77 on the day of the sale, giving the company a market capitalization of approximately $41.91 billion. The price-to-earnings ratio is 22.16, slightly above the industry median of 21.56 and the company’s historical median.

The stock is valued at $294.61 according to GF Value, which results in a price to GF Value ratio of 1.03, indicating that the stock is fairly valued. GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and estimates of future business performance.

This insider sale could be of interest to investors who follow changes in ownership and assess the current market position and valuation of the stock.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.