Cummins (CMI) Stock Forecast, Price & News

Cummins (NYSE:CMI) Frequently Asked Questions

Is Cummins a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cummins stock.
View analyst ratings for Cummins or view top-rated stocks.

Are investors shorting Cummins?

Cummins saw a decrease in short interest in April. As of April 30th, there was short interest totaling 2,140,000 shares, a decrease of 15.1% from the April 15th total of 2,520,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.6% of the shares of the stock are short sold.
View Cummins' Short Interest.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Cummins.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) issued its earnings results on Tuesday, May, 3rd. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.49. The business had revenue of $6.39 billion for the quarter, compared to analysts' expectations of $6.06 billion. Cummins had a trailing twelve-month return on equity of 23.19% and a net margin of 8.00%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $4.04 EPS.
View Cummins' earnings history.

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

Cummins announced a quarterly dividend on Tuesday, May 10th. Shareholders of record on Friday, May 20th will be paid a dividend of $1.45 per share on Thursday, June 2nd. This represents a $5.80 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, May 19th.
View Cummins' dividend history.

Is Cummins a good dividend stock?

Cummins pays an annual dividend of $5.80 per share and currently has a dividend yield of 2.87%. Cummins has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Cummins is 43.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cummins will have a dividend payout ratio of 28.06% next year. This indicates that Cummins will be able to sustain or increase its dividend.
View Cummins' dividend history.

How will Cummins' stock buyback program work?

Cummins announced that its Board of Directors has approved a share repurchase program on Tuesday, December 14th 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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

Cummins updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.94 billion-$25.94 billion, compared to the consensus revenue estimate of $25.53 billion.

What price target have analysts set for CMI?

9 brokerages have issued 1-year target prices for Cummins' shares. Their forecasts range from $214.00 to $299.00. On average, they expect Cummins' stock price to reach $253.22 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price.
View analysts' price targets for Cummins or view top-rated stocks among Wall Street analysts.

Who are Cummins' key executives?

Cummins' management team includes the following people:

• Mr. N. Thomas Linebarger, Chairman & CEO (Age 59, Pay $8.3M)
• Mr. Livingston L. Satterthwaite, Vice Chairman (Age 61, Pay $2.44M)
• Ms. Jennifer W. Rumsey, Pres, COO & Director (Age 48, Pay $2.02M) (LinkedIn Profile)
• Mr. Mark A. Smith, CFO & VP (Age 54, Pay $2.26M)
• Mr. Srikanth Padmanabhan, VP & Pres of Engine Bus. (Age 57, Pay $1.85M)
• Mr. Walter Jim Fier, VP & Chief Technical Officer (Age 57) (LinkedIn Profile)
• Mr. Earl Newsome Jr., VP & Chief Information Officer (Age 59)
• Ms. Sharon R. Barner, VP, Chief Admin. Officer, Corp. Sec. & Interim Chief HR Officer (Age 64) (LinkedIn Profile)
• Mr. Jack Kienzler, Exec. Director of Investor Relations
• Hon. Nicole Y. Lamb-Hale, VP & Gen. Counsel (Age 55)

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

1,549 employees have rated Cummins CEO Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among Cummins' employees.

Who are some of Cummins' key competitors?

Some companies that are related to Cummins include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), AGCO (AGCO), Toro (TTC), Oshkosh (OSK), Meritor (MTOR), Terex (TEX), Federal Signal (FSS), Trinity Industries (TRN), Lindsay (LNN), Alamo Group (ALG), Greenbrier Companies (GBX) and Titan International (TWI).
View all of CMI's competitors.

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).

What is Cummins' stock symbol?

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

Who are Cummins' major shareholders?

Cummins' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.12%), BlackRock Inc. (8.72%), State Street Corp (4.70%), Capital Research Global Investors (2.03%), Charles Schwab Investment Management Inc. (1.68%) and LSV Asset Management (1.52%). Company insiders that own Cummins stock include Christopher C Clulow, Franklin R Changdiaz, Jennifer Rumsey, Jill E Cook, John D Brockhaus, Leo Allen Bruno V Di, Mark Andrew Smith, Melina M Kennedy, Norman Thomas Linebarger, Sharon R Barner, Thaddeus B Ewald, Tony Satterthwaite, Tracy A Embree and Walter J Fier.
View institutional ownership trends for Cummins.

Which institutional investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Royal Bank of Canada, Lazard Asset Management LLC, AEGON ASSET MANAGEMENT UK Plc, Qube Research & Technologies Ltd, Bank of New York Mellon Corp, State Street Corp, and Pinebridge Investments L.P.. Company insiders that have sold Cummins company stock in the last year include Christopher C Clulow, Franklin R Changdiaz, Jennifer Rumsey, Jill E Cook, Leo Allen Bruno V Di, Mark Andrew Smith, Melina M Kennedy, Norman Thomas Linebarger, Sharon R Barner, Tony Satterthwaite, Tracy A Embree, and Walter J Fier.
View insider buying and selling activity for Cummins or view top insider-selling stocks.

Which institutional investors are buying Cummins stock?

CMI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., First Trust Advisors LP, Panagora Asset Management Inc., Charles Schwab Investment Management Inc., American Century Companies Inc., Beutel Goodman & Co Ltd., Aaron Wealth Advisors LLC, and Victory Capital Management Inc..
View insider buying and selling activity for Cummins or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $197.31.

How much money does Cummins make?

Cummins has a market capitalization of $27.84 billion and generates $24.02 billion in revenue each year. The company earns $2.13 billion in net income (profit) each year or $13.44 on an earnings per share basis.

How many employees does Cummins have?

Cummins employs 59,900 workers across the globe.

Does Cummins have any subsidiaries?

The following companies are subsidiares of Cummins: Anvl, Apollo FC Holdings Ltd., Atlantis Acquisitionco Canada Corporation, Atlantis Holdco UK Limited, Brammo, CIFC Worldwide Partner C.V., CMI Africa Holdings BV, CMI CGT Holdings LLC, CMI Canada Financing Ltd., CMI Canada LP, CMI Foreign Holdings B.V., CMI Global Equity Holdings B.V., CMI Global Equity Holdings C.V., CMI Global Holdings B.V., CMI Global Partner 2 C.V., CMI Global Partners B.V., CMI Group Holdings B.V., CMI Group Holdings Cooperatief U.A., CMI International Finance Partner 1 LLC, CMI International Finance Partner 2 LLC, CMI International Finance Partner 3 LLC, CMI International Finance Partner 4 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., CMI UK Finance LP, CMI UK Financing LP, 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 Aust Technologies Pty. 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 CV Member LLC, Cummins Canada ULC, Cummins Caribbean LLC, Cummins Center of Excellence Singapore Pte. Ltd., Cummins Centroamerica Holding S.de R.L., Cummins Child Development Center Inc., 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 Eastern Marine Inc., Cummins Electrified Power Europe Ltd., Cummins Electrified Power NA Inc., Cummins Emission Solutions (China) Co. Ltd., Cummins Emission Solutions Inc., Cummins Empresas Filantropicas, Cummins Energetica Ltda., 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 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 Global Financing LP, Cummins Global Technologies LLP, Cummins Grupo Comercial Y. de Servicios S. de R.L. de C.V., Cummins Grupo Industrial S. de R.L. de C.V., Cummins Holland B.V., Cummins Hong Kong Ltd., Cummins India Ltd., Cummins Intellectual Property Inc., Cummins International Finance LLC, Cummins International Holdings Cooperatief U.A., Cummins International Holdings LLC, Cummins Italia S.P.A., Cummins Japan Ltd., Cummins Korea Co. Ltd., Cummins LLC Member Inc., 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 Mozambique Ltda., Cummins NV, Cummins Namibia Engine Sales and Service PTY LTD, Cummins Natural Gas Engines Inc., 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 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. Limited, Cummins Southern Plains LLC, Cummins Spain S.L., Cummins Sweden AB, Cummins Technologies India, Cummins Trade Receivables LLC, Cummins Turbo Technologies Limited, Cummins Turkey Motor Güç Sistemleri Satış Servis Limited Şirketi, Cummins U.K. Holdings Ltd., Cummins U.K. Pension Plan Trustee Ltd., Cummins UK Global Holdings 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 Sucursal Paraguay SRL, Distribuidora Cummins de Panama S. de R.L., Dynamo Insurance Company Inc., Efficient Drivetrains, Efficient Drivetrains (Beijing) New Power Technology Co. Ltd., Efficient Drivetrains (Shanghai) Co. Ltd., Hilite International, Hydrogenics, Hydrogenics Corporation, Hydrogenics Europe N.V., Hydrogenics GmbH, Hydrogenics Holding GmbH, Hydrogenics USA Inc., Markon Engineering Company Ltd., Nelson Burgess Ltd., Nelson Industries, Newage Engineers GmbH, Newage Ltd. (U.K.), Newage Machine Tools Ltd., OOO Cummins, Petbow Limited, 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., TOO Cummins, Taiwan Cummins Sales & Services Co. Ltd., Worldwide Partner CV Member LLC, Wuxi Cummins Turbo Technologies Co. Ltd., Wuxi New Energy Automotive Technologies Co. Ltd., and ZED Connect Inc..

When was Cummins founded?

Cummins was founded in 1919.

What is Cummins' official website?

The official website for Cummins is www.cummins.com.

How can I contact Cummins?

Cummins' mailing address is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. The company can be reached via phone at (812) 377-5000, via email at [email protected], or via fax at 812-377-3334.