Was Billionaire Jeffrey Talpins Right About These 5 Stocks?

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In this article, we take a look at the five stocks billionaire Jeffrey Talpins was selling in Q2. If you want to find out about the hedge fund and the returns delivered by Element Capital Management, head over to Was Jeffrey Talpins Right About These 10 Stocks?

5. Cummins Inc. (NYSE:CMI)

No. of Hedge Fund Holders: 36

Performance of CMI Over the Past Six Months: +26%

Cummins Inc. (NYSE:CMI) manufactures diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. It also sells powertrain components, including filtration products, transmissions, turbochargers, etc.

Insider Monkey was able to profile 895 hedge funds to discover that 36 hedge funds invested in the company at the end of Q2 2022.

Analysts of Citigroup covered Cummins Inc. (NYSE:CMI) on August 16 and increased their price objective from $220.00 to $265.00. They gave a “Buy” rating.

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