Over the past 12 months Cummins Inc. insiders have been net sellers, executing 55 sell transactions totaling $47.14 million versus a single buy transaction of $0.33 million, yielding a value‑based buy/sell ratio of 0.01 (well below the 0.2 bearish threshold). The only purchase was a modest $332,080 trade, and post‑buy performance has been negative, with a 30‑day return of –2.4% and a 0% success rate for buys exceeding $100 K. The most sizable disposals were by director William I. Miller ($4.22 million), Senior Vice President Tony Satterthwaite ($3.66 million) and CFO Mark A. Smith ($3.51 million), each selling several thousand shares, suggesting routine compensation or diversification rather than a coordinated bearish signal.
Insider Activity Summary
CMI
Insider activity is dominated by significant selling from senior executives and a director, with aggregate proceeds exceeding $11 million in the last year, which aligns with typical equity‑compensation vesting schedules. The absence of meaningful buying activity and the sub‑0.2 buy/sell ratio indicate limited insider confidence, though the sales are not unusually clustered in time, reducing bearish weight. Given the negative post‑buy returns and lack of coordinated buying, insider signals currently diverge from a bullish outlook.