Since I last covered Cummins with a hold rating in April, shares have dipped 12%. The company's net sales and adjusted diluted EPS fell modestly in Q1, but the fundamentals arguably remain intact. Cummins' already impressive financial health is improving.
SAN DIEGO, CA / ACCESSWIRE / June 11, 2024 / Johnson Fistel, LLP is investigating potential claims on behalf of Cummins Inc. (NYSE:CMI) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer. If you have continuously owned Cummins Inc. (NYSE:CMI) shares, you have certain legal rights as a shareholder.
Cummins has consistently achieved double-digit annual returns and dividend growth in a cyclical industry. Since January 2004, CMI shares have returned 17.6% annually, outperforming the S&P 500. Despite a decline in manufacturing demand, Cummins' shares have risen 11% since February 8, showcasing its resilience.
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