NYSE:CMI

Cummins (CMI) Stock Price, News & Analysis

$292.42
-0.28 (-0.10%)
(As of 04/24/2024 ET)
Today's Range
$290.45
$295.44
50-Day Range
$261.85
$302.86
52-Week Range
$203.18
$304.24
Volume
760,636 shs
Average Volume
2.74 million shs
Market Capitalization
$39.99 billion
P/E Ratio
56.45
Dividend Yield
2.30%
Price Target
$279.70

Cummins MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
4.3% Downside
$279.70 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.58
Upright™ Environmental Score
News Sentiment
0.46mentions of Cummins in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$13.58 M Sold Last Quarter
Proj. Earnings Growth
13.14%
From $18.34 to $20.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Auto/Tires/Trucks Sector

7th out of 81 stocks

Engines & Turbines Industry

1st out of 5 stocks

CMI stock logo

About Cummins Stock (NYSE:CMI)

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines. It provides power generation systems, horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, and electric power generation systems, and batteries. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

CMI Stock Price History

CMI Stock News Headlines

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Cummins (CMI) to Release Quarterly Earnings on Thursday
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Cummins (NYSE:CMI) Upgraded at StockNews.com
Cummins Inc.: Cummins Water Works: Watershed Warriors
Evaluating Cummins: Insights From 8 Financial Analysts
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Ex-Dividend for 3/7 Dividend
2/22/2024
Dividend Payable
3/07/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Engines & turbines
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
23102110
Employees
75,500
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$279.70
High Stock Price Target
$321.00
Low Stock Price Target
$225.00
Potential Upside/Downside
-4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$735 million
Pretax Margin
4.77%

Debt

Sales & Book Value

Annual Sales
$34.07 billion
Cash Flow
$27.23 per share
Book Value
$69.87 per share

Miscellaneous

Free Float
135,993,000
Market Cap
$39.99 billion
Optionable
Optionable
Beta
1.04

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Should I Buy Cummins Stock? CMI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Cummins Inc.:

  • Cummins Inc. has shown consistent revenue growth, with a 9.9% increase in revenue compared to the same quarter last year.
  • The company has a strong return on equity of 25.68%, indicating efficient use of shareholder funds to generate profits.
  • Recent insider activity includes a director acquiring shares at $266.57 per share, suggesting confidence in the company's future performance.
  • Cummins Inc. has a market cap of $41.12 billion, reflecting its position as a significant player in the industry.
  • The stock price has been trending upwards, reaching a high of $301.50, indicating positive investor sentiment.

Cons

Investors should be bearish about investing in Cummins Inc. for these reasons:

  • The company's PE ratio of 58.04 is relatively high, suggesting that the stock may be overvalued compared to its earnings.
  • Cummins Inc. reported earnings per share of $4.14 for the quarter, missing the consensus estimate of $4.41, which could impact investor confidence.
  • There has been recent insider selling activity, with a senior vice president selling 37,450 shares, which may raise concerns about future performance.
  • The company's debt-to-equity ratio of 0.48 indicates a moderate level of debt, which could pose risks in a changing economic environment.
  • While the stock has shown growth, the price-to-earnings-growth ratio of 2.01 may suggest that future growth expectations are already priced into the stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

CMI Stock Analysis - Frequently Asked Questions

Should I buy or sell Cummins stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
View CMI analyst ratings
or view top-rated stocks.

What is Cummins' stock price target for 2024?

10 brokerages have issued 1 year price objectives for Cummins' stock. Their CMI share price targets range from $225.00 to $321.00. On average, they expect the company's share price to reach $279.70 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for CMI
or view top-rated stocks among Wall Street analysts.

How have CMI shares performed in 2024?

Cummins' stock was trading at $239.57 at the start of the year. Since then, CMI stock has increased by 22.1% and is now trading at $292.42.
View the best growth stocks for 2024 here
.

Are investors shorting Cummins?

Cummins saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,750,000 shares, a decrease of 91.5% from the March 15th total of 32,500,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the short-interest ratio is presently 0.9 days. Approximately 2.0% of the company's stock are sold short.
View Cummins' Short Interest
.

When is Cummins' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CMI earnings forecast
.

How can I listen to Cummins' earnings call?

Cummins will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) released its quarterly earnings results on Tuesday, February, 6th. The company reported $4.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.41 by $0.27. The firm earned $8.54 billion during the quarter, compared to the consensus estimate of $8.10 billion. Cummins had a net margin of 2.16% and a trailing twelve-month return on equity of 25.68%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.52 earnings per share.
Read the conference call transcript
.

How often does Cummins pay dividends? What is the dividend yield for Cummins?

Cummins declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, February 23rd will be paid a dividend of $1.68 per share on Thursday, March 7th. This represents a $6.72 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, February 22nd.
Read our dividend analysis for CMI
.

Is Cummins a good dividend stock?

Cummins (NYSE:CMI) pays an annual dividend of $6.72 per share and currently has a dividend yield of 2.34%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 129.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CMI will have a dividend payout ratio of 32.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMI.

What guidance has Cummins issued on next quarter's earnings?

Cummins issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $32.4 billion-$33.4 billion, compared to the consensus revenue estimate of $33.3 billion.

What is Tom Linebarger's approval rating as Cummins' CEO?

1,549 employees have rated Cummins Chief Executive Officer Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Cummins own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cummins investors own include Johnson & Johnson (JNJ), Caterpillar (CAT), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T), Intel (INTC), Pfizer (PFE), Home Depot (HD) and Walt Disney (DIS).

Who are Cummins' major shareholders?

Cummins' stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Raymond James & Associates (0.19%), Raymond James Financial Services Advisors Inc. (0.12%), Cardinal Capital Management Inc. (0.08%), Fifth Third Bancorp (0.06%) and Gateway Investment Advisers LLC (0.06%). Insiders that own company stock include Christopher C Clulow, Daniel William Fisher, Franklin R Changdiaz, Georgia R Nelson, Jennifer Rumsey, Jill E Cook, Leo Allen Bruno V Di, Mark Andrew Smith, Melina M Kennedy, Norman Thomas Linebarger, Sharon R Barner, Srikanth Padmanabhan, Tony Satterthwaite, Tracy A Embree and Walter J Fier.
View institutional ownership trends
.

How do I buy shares of Cummins?

Shares of CMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Cummins have any subsidiaries?
The following companies are subsidiares of Cummins: AVK Holdco UK Limited, Apollo FC Holdings Ltd., Atlantis Holdco UK Limited, Brammo, CMI 2020 Holdings LLC, CMI Africa Holdings BV, CMI Canada Financing Ltd., CMI Canada LP, CMI Foreign Holdings B.V., CMI Global Holdings B.V., CMI Global Partners B.V., CMI Group Holdings B.V., CMI International Finance Partner 2 LLC, CMI International Finance Partner 5 LLC, CMI Mexico LLC, CMI Netherlands Holdings B.V., CMI PGI Holdings LLC, CMI PGI International Holdings LLC, CMI Turkish Holdings B.V., Centro de Fomento para Inclusión S. de R.L. de C.V., Cherry Island Renewable Energy LLC, Consolidated Diesel Company, Consolidated Diesel Inc., Consolidated Diesel of North Carolina Inc., Cummins (China) Investment Co. Ltd., Cummins (Xiangyang) Machining Co. Ltd., Cummins Africa Middle East (Pty) Ltd., Cummins Afrique de l'Ouest, Cummins Americas Inc., Cummins Angola Lda., Cummins Argentina-Servicios Mineros S.A., Cummins Asia Pacific Pte. Ltd., Cummins BLR LLC, Cummins Battery Systems North America LLC, Cummins Belgium N.V., Cummins Botswana (Pty.) Ltd., Cummins Brasil Ltda., Cummins Burkina Faso SARL, Cummins CDC Holding Inc., Cummins Canada ULC, Cummins Caribbean LLC, Cummins Centroamerica Holding S.de R.L., Cummins Child Development Center Inc., Cummins Chile SpA, Cummins Colombia S.A.S., Cummins Comercializadora S. de R.L. de C.V., Cummins Corporation, Cummins Cote d'Ivoire SARL, Cummins Czech Republic s.r.o., Cummins Deutschland GmbH, Cummins Diesel International Ltd., Cummins Distribution Holdco Inc., Cummins EMEA Holdings Limited, Cummins East Asia Research & Development Co. Ltd., Cummins Electrified Power Europe Ltd., Cummins Electrified Power NA Inc., Cummins Emission Solutions (China) Co. Ltd., Cummins Emission Solutions Inc., Cummins Empresas Filantropicas, Cummins Engine (Beijing) Co. Ltd., Cummins Engine (Shanghai) Co. Ltd., Cummins Engine (Shanghai) Trading & Services Co. Ltd., Cummins Engine Holding Company Inc., Cummins Engine IP Inc., Cummins Engine Malaysia Sdn. Bhd., Cummins Engine Venture Corporation, Cummins Enterprise LLC, Cummins Filtration (Shanghai) Co. Ltd., Cummins Filtration GmbH, Cummins Filtration IP Inc., Cummins Filtration Inc., Cummins Filtration International Corp., Cummins Filtration International Corp. External Profit Company, Cummins Filtration Ltd., Cummins Filtration SARL, Cummins Filtration Trading (Shanghai) Co. Ltd., Cummins Filtros Ltda., Cummins Franchise Holdco LLC, Cummins Fuel Systems (Wuhan) Co. Ltd., Cummins Generator Technologies (China) Co. Ltd., Cummins Generator Technologies Americas Inc., Cummins Generator Technologies Germany GmbH, Cummins Generator Technologies India Private Ltd., Cummins Generator Technologies Italy SRL, Cummins Generator Technologies Limited, Cummins Generator Technologies Romania S.A., Cummins Generator Technologies Singapore Pte Ltd., Cummins Ghana Limited, Cummins Ghana Mining Limited, Cummins Holland B.V., Cummins Hong Kong Ltd., Cummins Hydrogen Technology (Shanghai) Co. Ltd., Cummins India Ltd., Cummins Intellectual Property Inc., Cummins International Finance LLC, Cummins International Holdings Cooperatief U.A., Cummins Italia S.P.A., Cummins Japan Ltd., Cummins Korea Co. Ltd., Cummins Ltd., Cummins Maroc SARL, Cummins Middle East FZE, Cummins Mining Services S. de R.L. de C.V., Cummins Mobility Services Inc., Cummins Mongolia Investment LLC, Cummins Motorenwerke Deutschland GmbH, Cummins Mozambique Ltda., Cummins NV, Cummins Namibia Engine Sales and Service PTY LTD, Cummins Natural Gas Engines Inc., Cummins New Power (Shanghai) Co. Ltd., Cummins New Power S.L., Cummins New Zealand Limited, Cummins Nigeria Ltd., Cummins Norte de Colombia S.A.S., Cummins North Africa Regional Office SARL, Cummins Norway AS, Cummins PGI Holdings Ltd., Cummins Patton Acquisition LLC, Cummins Power Generation (China) Co. Ltd., Cummins Power Generation (S) Pte. Ltd., Cummins Power Generation (U.K.) Limited, Cummins Power Generation Deutschland GmbH, Cummins Power Generation Inc., Cummins Power Generation Limited, Cummins PowerGen IP Inc., Cummins Research and Technology India Private Ltd., Cummins Romania Srl, Cummins S. de R.L. de C.V., Cummins Sales and Service Korea Co. Ltd., Cummins Sales and Service Philippines Inc., Cummins Sales and Service Private Limited, Cummins Sales and Service Sdn. Bhd., Cummins Sales and Service Singapore Pte. Ltd., Cummins Sinai ve Otomotiv Urunleri Sanayi ve Ticaret Limited Sirketi, Cummins South Africa (Pty.) Ltd., Cummins South Pacific Pty. Ltd., Cummins Southern Plains LLC, Cummins Spain S.L., Cummins Sweden AB, Cummins Technologies India Private Limited, Cummins Turbo Technologies, Cummins Turkey Motor Güç Sistemleri Satış Servis Limited Şirketi, Cummins U.K. Holdings Ltd., Cummins U.K. Pension Plan Trustee Ltd., Cummins UK Holdings LLC, Cummins Vendas e Servicos de Motores e Geradores Ltda., Cummins Venture Corporation, Cummins West Africa Limited, Cummins West Balkans d.o.o. Nova Pasova, Cummins XBorder Operations (Pty) Ltd, Cummins Zambia Ltd., Cummins Zimbabwe Pvt. Ltd., Distribuidora Cummins Centroamerica Costa Rica S.de R.L., Distribuidora Cummins Centroamerica El Salvador S.de R.L., Distribuidora Cummins Centroamerica Guatemala Ltda., Distribuidora Cummins Centroamerica Honduras S.de R.L., Distribuidora Cummins S.A., Distribuidora Cummins S.A. Sucursal Bolivia, Distribuidora Cummins S.A. Sucursal Uruguay, Distribuidora Cummins Sucursal Paraguay SRL, Distribuidora Cummins de Panama S. de R.L., Dynamo Insurance Company Inc., Efficient Drivetrains, Energy-Ventures Angola Lda., Hilite International, Hydrogenics, Hydrogenics Corporation, Hydrogenics Europe N.V., Hydrogenics GmbH, Hydrogenics Holding GmbH, Hydrogenics USA Inc., Jacobs Vehicle Systems, Meritor, Nelson Industries, Newage Engineers GmbH, OOO Cummins, Power Group International (Overseas Holdings) B.V., Power Group International (Overseas Holdings) Ltd., Power Group International Ltd., Quickstart Energy Projects SpA, Shanghai Cummins Trade Co. Ltd., Sky Power Holdco LLC, TOO Cummins, Taiwan Cummins Sales & Services Co. Ltd., Wuxi Cummins Turbo Technologies Co. Ltd., and ZED Connect Inc..
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This page (NYSE:CMI) was last updated on 4/25/2024 by MarketBeat.com Staff

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