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Cummins Inc. (CMI) Chairman & CEO Norman Thomas Linebarger sells 20,000 Shares

Feb 07, 2012 | About:
insider
insider
Chairman & CEO of Cummins Inc. (CMI) Norman Thomas Linebarger sells 20,000 shares of CMI on 02/03/2012 at an average price of $115.1 a share.

Cummins Inc. has a market cap of $23.1 billion; its shares were traded at around $119.8 with a P/E ratio of 13.4 and P/S ratio of 1.3. The dividend yield of Cummins Inc. stocks is 1.3%. Cummins Inc. had an annual average earning growth of 37.1% over the past 10 years. GuruFocus rated Cummins Inc. the business predictability rank of 2.5-star.


This is the insider trade history vs. stock price of CMI. For the complete insider trading history of CMI, click here.




Directors and Officers Recent Trades:


  • Group Vice President Steven M Chapman sold 10,000 shares of CMI stock on 02/03/2012 at the average price of 116. Steven M Chapman owns at least 36,595 shares after this. The price of the stock has increased by 3.28% since.
  • Group Vice President Steven M Chapman sold 5,000 shares of CMI stock on 01/30/2012 at the average price of 104.75. Steven M Chapman owns at least 46,595 shares after this. The price of the stock has increased by 14.37% since.
  • VP-Corp. Controller Marsha L Hunt sold 1,500 shares of CMI stock on 11/16/2011 at the average price of 99.77. Marsha L Hunt owns at least 11,094 shares after this. The price of the stock has increased by 20.08% since.
  • Director Alexis M Herman sold 2,500 shares of CMI stock on 11/01/2011 at the average price of 95.61. Alexis M Herman owns at least 27,025 shares after this. The price of the stock has increased by 25.3% since.
  • VP-Corp. Controller Marsha L Hunt sold 800 shares of CMI stock on 10/31/2011 at the average price of 101.59. Marsha L Hunt owns at least 12,694 shares after this. The price of the stock has increased by 17.92% since.


For the complete insider trading history of CMI, click here.

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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