Summit Global Investments Makes New Investment in Cummins Inc. $CMI

·15 Aug
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Summit Global Investments recently acquired 4,102 shares of Cummins Inc. (NYSE: CMI) worth approximately $2.93 million in the second quarter. Cummins reported strong quarterly revenue growth of 9.4% year-over-year, reaching $9.46 billion, though its EPS of $6.73 missed analyst estimates. The company also increased its quarterly dividend from $2.00 to $2.20 per share, and analysts maintain a "Moderate Buy" rating with an average price target of $745.64.

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