Raiffeisen Bank International AG Raises Stock Holdings in Cummins Inc. $CMI
MarketBeat
Raiffeisen Bank International AG significantly increased its stake in Cummins Inc. by 55.1% in the second quarter, bringing its total holdings to 46,817 shares valued at $32.4 million. This comes as Cummins reported a 9.4% year-over-year revenue increase to $9.46 billion, although its EPS of $6.73 missed analyst estimates. The company also raised its quarterly dividend to $2.20 per share, contributing to a "Moderate Buy" consensus rating from analysts.
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