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

Cummins ( CMI) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day up 0.2%. By the end of trading, Cummins fell 87 cents (-0.8%) to $105.87 on average volume. Throughout the day, 2.2 million shares of Cummins exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $105.37-$109.18 after having opened the day at $108.96 as compared to the previous trading day's close of $106.74. Other company's within the Industrial industry that declined today were: Clean Diesel Technologies ( CDTI), down 20.1%, Flow International Corporation ( FLOW), down 11.8%, China Development Group Corporation ( CTDC), down 9.5%, and China Recycling Energy Corporation ( CREG), down 7.9%.

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 $20.54 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate Cummins a buy, no analysts rate it a sell, and six 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 low profit margins.

On the positive front, Highpower International ( HPJ), up 12.8%, P & F Industries ( PFIN), up 11.4%, Presstek ( PRST), up 8.3%, and Proto Labs ( PRLB), up 8.2%, were all gainers within the industrial industry with Dover Corporation ( DOV) being today's featured industrial industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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