Top 5 Dividend Companies To Invest In 2015: Cummins Inc.(CMI)
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. The Engine segment offers a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets. This segment also provides new parts and service, as well as remanufactured parts and engines. The Power Generation segment offers power generation systems, components, and services, including diesel, natural gas, gasoline, and alternative-fuel electrical generator sets for use in recreational vehicles, commercial vehicles, recreational marine applications, and home stand-by or residential applications. This segment also provides components that make up power generation systems, such as engines, controls, alternators, transfer switches, and switchgears. The Components segment supplies filtration products, turbochargers, aftertreatment systems, intake and exhaust systems, and fuel systems for commercial diesel applications. This segment offers filtration and exhaust systems for on-and off-highway heavy-duty and mid-range equipment, as well as supplies filtration products for industrial and passenger car applications. This segment also develops after treatment and exhaust systems to help customers meet emissions standards and fuel systems. The Distribution segment provides parts and services, as well as service solutions, including maintenance contracts, engineering services, and integrated products. The company sells its products to original equipment manufacturers, distributors, and other customers. Cummins Inc. was founded in 1919 and is headquartered in Columbus, ! Indiana.Advisors' Opinion:
- [By Jonathan Yates]
That projection is a result of more motor traffic expected in Asia, in the decades ahead. Three publicly-traded companies that should benefit from that trend are Toyota Motor Corp (NYSE: TM), Cummins Inc (NYSE: CMI), and Goodyear Tire & Rubber Co. (NYSE: GT).
- [By Matt Thalman]
Despite having recently been upgraded by Longbow Research from "neutral" to "buy," shares ofCaterpillar (NYSE: CAT ) are down 0.35% today. The main reason shares are falling today is the poor earnings report released by Cummins (NYSE: CMI ) this morning. The company reported that sales dropped 19% in the company's engine and turbine unit. Cummins also blamed the poor results on weak oil, gas, and mining demand -- areas in which Caterpillar also operates.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-5-dividend-companies-to-invest-in-2015.html