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NYSE:CMI

Cummins (CMI) Stock Price, News & Analysis

$290.38
+7.21 (+2.55%)
(As of 07/26/2024 ET)
Today's Range
$285.17
$293.09
50-Day Range
$266.38
$299.55
52-Week Range
$212.80
$304.24
Volume
544,679 shs
Average Volume
800,033 shs
Market Capitalization
$39.72 billion
P/E Ratio
21.26
Dividend Yield
2.31%
Price Target
$287.18

Cummins MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
1.1% Downside
$287.18 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.58
Upright™ Environmental Score
News Sentiment
0.90mentions of Cummins in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.11 M Sold Last Quarter
Proj. Earnings Growth
15.74%
From $18.61 to $21.54 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.

4.59 out of 5 stars

Auto/Tires/Trucks Sector

11th out of 82 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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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 6/6 Dividend
5/23/2024
Dividend Payable
6/06/2024
Today
7/27/2024
Next Earnings (Confirmed)
8/01/2024
Ex-Dividend for 9/5 Dividend
8/23/2024
Dividend Payable
9/05/2024
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
$287.18
High Stock Price Target
$321.00
Low Stock Price Target
$225.00
Potential Upside/Downside
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$735 million
Pretax Margin
8.28%

Debt

Sales & Book Value

Annual Sales
$34.07 billion
Cash Flow
$27.89 per share
Book Value
$69.87 per share

Miscellaneous

Free Float
136,014,000
Market Cap
$39.72 billion
Optionable
Optionable
Beta
0.99

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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. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. This diversified product portfolio can provide stability and growth opportunities for investors.
  • The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. This diversified business model can help mitigate risks associated with fluctuations in specific markets or industries.
  • Cummins Inc. offers diesel and natural gas engines, which are essential components in various industries such as transportation, construction, and power generation. The demand for these engines is expected to remain strong, providing a steady revenue stream for the company.
  • Recent developments in the electric and hybrid powertrains segment indicate Cummins Inc.'s commitment to innovation and sustainability. This focus on emerging technologies can position the company for long-term growth and competitiveness in the market.
  • As of the most recent update, Cummins Inc.'s stock price has shown positive momentum, reflecting investor confidence in the company's performance and future prospects. This upward trend may present an attractive opportunity for investors seeking capital appreciation.

Cons

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

  • Cummins Inc. faces competition in the diesel and natural gas engines market from other established players, which could impact the company's market share and profitability. Investors should closely monitor competitive dynamics in the industry.
  • The company's exposure to global economic conditions and regulatory changes may introduce risks related to currency fluctuations, trade policies, and environmental regulations. These external factors could affect Cummins Inc.'s financial performance and stock valuation.
  • While Cummins Inc. has made strides in developing electric and hybrid powertrains, the transition to alternative energy sources poses challenges such as high research and development costs, uncertain market acceptance, and regulatory uncertainties. Investors should assess the company's ability to navigate this transition successfully.
  • Changes in consumer preferences and technological advancements could impact the demand for traditional diesel and natural gas engines, potentially affecting Cummins Inc.'s revenue and profitability. Investors should consider the company's ability to adapt to evolving market trends and customer needs.
  • Despite recent positive developments, investors should exercise caution and conduct thorough due diligence before making investment decisions in Cummins Inc. It is important to assess the company's financial health, competitive position, and growth prospects in the context of market conditions and industry trends.
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 Tuesday, July 23, 2024. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

CMI Stock Analysis - Frequently Asked Questions

How have CMI shares performed this year?

Cummins' stock was trading at $239.57 at the beginning of the year. Since then, CMI shares have increased by 21.2% and is now trading at $290.38.
View the best growth stocks for 2024 here
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) announced its quarterly earnings results on Thursday, May, 2nd. The company reported $5.10 EPS for the quarter, missing the consensus estimate of $5.11 by $0.01. The firm earned $8.40 billion during the quarter, compared to analysts' expectations of $8.36 billion. Cummins had a net margin of 5.70% and a trailing twelve-month return on equity of 25.38%.

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.

Does Cummins have any subsidiaries?

The following companies are subsidiaries of Cummins: Meritor, Jacobs Vehicle Systems, Hydrogenics, Efficient Drivetrains, Brammo, Hilite International, Nelson Industries, and others.

Who are Cummins' major shareholders?

Cummins' top institutional shareholders include Bank of New York Mellon Corp (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Raymond James & Associates (0.18%) and SG Americas Securities LLC (0.14%). Insiders that own company stock include Norman Thomas Linebarger, Tony Satterthwaite, Srikanth Padmanabhan, Georgia R Nelson, Sharon R Barner, Tracy A Embree, Mark Andrew Smith, Walter J Fier, Leo Allen Bruno V Di, Franklin R Changdiaz, Jennifer Rumsey, Marvin Boakye, Jeffrey T Wiltrout, Daniel William Fisher, Jill E Cook, Christopher C Clulow and Melina M Kennedy.
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.

What other stocks do shareholders of Cummins own?

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

This page (NYSE:CMI) was last updated on 7/27/2024 by MarketBeat.com Staff

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