NYSE:CMI - Cummins Stock Price, News, & Analysis

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$138.43 -1.53 (-1.09 %)
(As of 10/22/2018 12:50 PM ET)
Previous Close$139.96
Today's Range$138.13 - $140.66
52-Week Range$129.90 - $194.18
Volume34,564 shs
Average Volume1.45 million shs
Market Capitalization$23.06 billion
P/E Ratio13.09
Dividend Yield3.26%
Beta1.12
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorAuto/Tires/Trucks
SymbolNYSE:CMI
CUSIP23102110
Phone812-377-5000

Debt

Debt-to-Equity Ratio0.19
Current Ratio1.61
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio13.09
Forward P/E Ratio9.23
P/E Growth0.78

Sales & Book Value

Annual Sales$20.43 billion
Price / Sales1.12
Cash Flow$14.0538 per share
Price / Cash9.85
Book Value$49.19 per share
Price / Book2.81

Profitability

EPS (Most Recent Fiscal Year)$10.62
Net Income$999 million
Net Margins4.67%
Return on Equity26.30%
Return on Assets11.90%

Miscellaneous

Employees20,830
Outstanding Shares164,770,000
Market Cap$23.06 billion

Cummins (NYSE:CMI) Frequently Asked Questions

What is Cummins' stock symbol?

Cummins trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMI."

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

Cummins announced a quarterly dividend on Tuesday, October 9th. Investors of record on Thursday, November 15th will be paid a dividend of $1.14 per share on Monday, December 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, November 14th. View Cummins' Dividend History.

How will Cummins' stock buyback program work?

Cummins announced that its board has approved a share repurchase program on Tuesday, October 9th 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) issued its quarterly earnings data on Tuesday, July, 31st. The company reported $3.32 EPS for the quarter, missing the Zacks' consensus estimate of $3.63 by $0.31. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.81 billion. Cummins had a net margin of 4.67% and a return on equity of 26.30%. The firm's revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. View Cummins' Earnings History.

When is Cummins' next earnings date?

Cummins is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for Cummins.

How can I listen to Cummins' earnings call?

Cummins will be holding an earnings conference call on Tuesday, October 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CMI?

24 equities research analysts have issued 1 year price targets for Cummins' shares. Their predictions range from $136.00 to $195.00. On average, they anticipate Cummins' stock price to reach $167.6667 in the next year. This suggests a possible upside of 21.0% from the stock's current price. View Analyst Price Targets for Cummins.

What is the consensus analysts' recommendation for Cummins?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 3 sell ratings, 14 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.

Who are some of Cummins' key competitors?

Who are Cummins' key executives?

Cummins' management team includes the folowing people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 55)
  • Mr. Richard J. Freeland, Pres, COO & Director (Age 61)
  • Mr. Patrick J. Ward, VP & CFO (Age 54)
  • Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 55)
  • Mr. Livingston L. Satterthwaite, VP & Pres of Distribution Bus. (Age 57)

Who are Cummins' major shareholders?

Cummins' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.26%), Gateway Investment Advisers LLC (0.09%), Aperio Group LLC (0.08%), State of New Jersey Common Pension Fund D (0.06%), Howard Capital Management (0.06%) and Nisa Investment Advisors LLC (0.05%). Company insiders that own Cummins stock include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Mark Andrew Smith, Marsha L Hunt, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Steven M Chapman, Tony Satterthwaite and Tracy A Embree. View Institutional Ownership Trends for Cummins.

Which major investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Bowling Portfolio Management LLC, Webster Bank N. A., Arrow Financial Corp, Andra AP fonden, Strs Ohio, Gateway Investment Advisers LLC and Lingohr & Partner Asset Management GmbH. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, Jill E Cook, Mark Andrew Smith, Marya M Rose, Pat Ward and Tracy A Embree. View Insider Buying and Selling for Cummins.

Which major investors are buying Cummins stock?

CMI stock was purchased by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Gyroscope Capital Management Group LLC, Centre Asset Management LLC, Varma Mutual Pension Insurance Co, State of New Jersey Common Pension Fund D, Beech Hill Advisors Inc., Jolley Asset Management LLC and Busey Trust CO. View Insider Buying and Selling for Cummins.

How do I buy shares of Cummins?

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

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $138.55.

How big of a company is Cummins?

Cummins has a market capitalization of $23.06 billion and generates $20.43 billion in revenue each year. The company earns $999 million in net income (profit) each year or $10.62 on an earnings per share basis. Cummins employs 20,830 workers across the globe.

What is Cummins' official website?

The official website for Cummins is http://www.cummins.com.

How can I contact Cummins?

Cummins' mailing address is 500 JACKSON ST BOX 3005 MAIL CODE 60207, COLUMBUS IN, 47202. The company can be reached via phone at 812-377-5000 or via email at investor.cummins.com.


MarketBeat Community Rating for Cummins (NYSE CMI)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  628 (Vote Outperform)
Underperform Votes:  645 (Vote Underperform)
Total Votes:  1,273
MarketBeat's community ratings are surveys of what our community members think about Cummins and other stocks. Vote "Outperform" if you believe CMI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/22/2018 by MarketBeat.com Staff

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