Mark Smith, Vice President and Chief Financial Officer of Cummins Inc. (NYSE:CMI), sold 4,468 shares of the company's stock on February 16, 2024, according to a recent SEC filing. The trades were executed at an average price of $268.47 per share, for a total value of $1,199,797.96.
Cummins Inc is a global power leader that designs, manufactures, sells 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, insiders have sold a total of 4,468 shares, but bought no shares. Cummins' insider trading history shows a pattern of 0 insider buys for him and 8 insider sells over the past year.
In terms of valuation, Cummins Inc.'s stock was trading at $268.47 on the most recent trading day by insiders, giving the company a market cap of $37,802 million. His price-to-earnings ratio of 52.15 is higher than both the industry median of 20.82 and the company's historical median price-to-earnings ratio.
According to GF Value, the price is $268.47 and GuruFocus Value is $302.21. Cummins Inc's price to GF Value ratio is 0.89, indicating that the stock is moderately undervalued.
GF Value is calculated based on historical trading multiples, GuruFocus adjustment factors, and future performance estimates provided by Morningstar analysts.
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This article first appeared on GuruFocus.
