Cummins Inc (CMI): Today's Featured Industrial Goods Loser

Cummins (CMI) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 1.5%. By the end of trading, Cummins fell $3.08 (-3.2%) to $93.65 on average volume. Throughout the day, 2.6 million shares of Cummins exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $93.17-$96.59 after having opened the day at $95.17 as compared to the previous trading day's close of $96.73. Other company's within the Industrial Goods sector that declined today were: A123 Systems (AONE), down 13.3%, THT Heat Transfer Technology (THTI), down 11.2%, Wowjoint Holdings (BWOW), down 8.3%, and Bonso Electronics International (BNSO), down 7.7%.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $17.77 billion and is part of the industrial industry. The company has a P/E ratio of 9.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Cummins a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Cummins Ratings Report.

On the positive front, ZBB Energy Corporation (ZBB), up 11.6%, Eastern (EML), up 9%, Continental Materials Corporation (CUO), up 6.7%, and Material Sciences Corporation (MSC), up 5.6%, were all gainers within the industrial goods sector with MasTec (MTZ) being today's featured industrial goods sector winner.

• Use our industrial goods section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Cummins Inc click any of the following:

• Cummins Inc Stock Price

• Cummins Inc Analyst Ratings

• Cummins Inc Key Stats & Profile

• Cummins Inc Earnings

• Cummins Inc Ratio Comparison

• Cummins Inc Growth Rates

• Cummins Inc Balance Sheet

• Cummins Inc Cash Flow

• Cummins Inc Income Statement