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MarketScreener Homepage  >  Equities  >  Nyse  >  Cummins Inc.    CMI

CUMMINS INC.

(CMI)
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Cummins, DuPont Partner to Use Filter Technology to Supply Material for Respirator Masks

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04/06/2020 | 11:12am EDT

By Michael Dabaie

 

Cummins Inc. and DuPont said Monday they are partnering to use filter technology to supply critical material for N95 respirator masks amid the coronavirus pandemic.

Cummins shares rose 8% to $143.10 in morning trading, while DuPont shares were up 7% to $34.17.

Cummins' NanoNet and NanoForce Media technology, which uses DuPont's Hybrid Membrane Technology, is typically used in air, fuel and lube filtration products used in heavy-duty diesel engines to prevent long-term engine wear. But, it can also can be used in the N95 respirator masks worn by healthcare professionals to filter harmful airborne particles that can spread Covid-19, the companies said.

"Cummins is re-evaluating our supply base and manufacturing capabilities to identify how we can support our healthcare professionals who rely on critical personal protective equipment to do their jobs," Amy Davis, vice president of Cummins Filtration, said.

The first mask prototypes using Cummins' donated media were assembled by University of Minnesota teams in March as part of an initiative to provide masks to M Health Fairview and other Minneapolis-based healthcare systems.

Products featuring Cummins' media will need to be vetted and approved by the National Institute for Occupational Safety and Health, the company said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BASE CO., LTD. 7.44% 14880 End-of-day quote.83.48%
BASE, INC. -3.88% 3470 End-of-day quote.97.72%
BYD COMPANY LIMITED 0.00% 47.7 End-of-day quote.22.78%
CUMMINS INC. 2.70% 176.135 Delayed Quote.-4.19%
DUPONT DE NEMOURS, INC. 3.49% 54.55 Delayed Quote.-17.99%
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Latest news on CUMMINS INC.
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Financials (USD)
Sales 2020 17 536 M - -
Net income 2020 1 156 M - -
Net Debt 2020 1 032 M - -
P/E ratio 2020 21,9x
Yield 2020 3,10%
Capitalization 25 279 M 25 279 M -
EV / Sales 2019
EV / Sales 2020 1,50x
Nbr of Employees 61 615
Free-Float 66,1%
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Technical analysis trends CUMMINS INC.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 171,27 $
Last Close Price 171,47 $
Spread / Highest target 17,2%
Spread / Average Target -0,12%
Spread / Lowest Target -24,2%
EPS Revisions
Managers
NameTitle
Norman Thomas Linebarger Chairman & Chief Executive Officer
Livingston L. Satterthwaite President & Chief Operating Officer
Mark Andrew Smith Chief Financial Officer & Vice President
Sherry A. Aaholm Chief Information Officer & Vice President
Jim Fier Chief Technology Officer
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