Insider Trading Alert: Cummins Incorporated (CMI)

Cummins Inc. (NYSE:CMI) insider has recently participated in insider trading activity. VP-Corp. Controller, HUNT MARSHA L sold 300 shares for $95.36 via one transaction Feb 11. Another notable insider trading was done by Di Leo Allen Bruno V on Nov 16, who is the Director. The insider acquired 1,500 shares at an average price of $99.52. Moreover, an insider selling of 1,958 shares was carried out by Talaulicar Anant, VP & President – Components, on May 22. Following the transaction, the insider now owns 16,895 shares in total. ROSE MARYA M ROSE MARYA M sold 4,500 shares for $143.21 through one transaction May 14. Following this sale, this insider’s stake in the company comprises 15,544 shares, priced at $1541809.36 as of Tuesday.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 sell activities and Zero buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 31 of these trades, the insider was a seller while an employee of the company was the buyer in just 31 instances.

On February 16, 2016 Cummins Inc. (CMI) announced that the company is reorganizing its manufacturing operations, as part of its plan to adjust to weak global demand for power generation equipment. These moves will help best position the company for long-term success.

Over the next 24 months, Cummins plans to relocate its generator set assembly operations located in Kent, U.K. to Daventry, U.K., Phaltan, India and Wuhan, China. The footprint of the Cummins Kent site will be reduced as it is transformed into an important regional distribution and logistics center.

“By relocating our U.K. generator assembly operations to other locations, we can better balance our capacity with demand, and leverage our global supply chain strengths,” said Rich Freeland, Chief Operating Officer, Cummins Inc. “We believe that making these changes will improve our manufacturing capabilities and processes, enhance our customer service, and generate efficiencies by further integrating our power generation and engine supply chains.”

For nearly 50 years, Cummins has had operations in the U.K. and currently has eight manufacturing facilities and 4,500 employees across 23 sites in 17 cities.

“Cummins remains committed to our strong presence in the U.K.,” Freeland continued, “We are working to implement changes across the globe that create a stronger and more competitive Cummins and underscore our mission and values.”