) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 3.1%. By the end of trading, Cummins Inc fell $2.63 (-2.9%) to $86.95 on light volume. Throughout the day, 2.6 million shares of Cummins Inc exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $86.40-$88.70 after having opened the day at $88.63 as compared to the previous trading day's close of $89.58. Other company's within the Industrial Goods sector that declined today were:
), down 11.2%,
), down 11%,
), down 10.3%, and
), down 9.9%.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. It operates in four segments: Engine, Power Generation, Components, and Distribution. Cummins Inc has a market cap of $17.57 billion and is part of the
industry. The company has a P/E ratio of 10.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 18.6% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Cummins as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Cummins Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
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