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

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

Cummins announced a quarterly dividend on Tuesday, October 9th. Shareholders 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 yield of 3.47%. The ex-dividend date of this dividend is Wednesday, November 14th. View Cummins' Dividend History.

Cummins announced that its board has authorized a share buyback plan on Tuesday, October 9th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Cummins Inc. (NYSE:CMI) issued its quarterly earnings data on Tuesday, October, 30th. The company reported $4.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.76 by $0.29. The business earned $5.94 billion during the quarter, compared to analyst estimates of $5.96 billion. Cummins had a return on equity of 29.17% and a net margin of 5.57%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 EPS. View Cummins' Earnings History.

Cummins is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Cummins.

Cummins will be holding an earnings conference call on Wednesday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Cummins issued an update on its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.492-23.901 billion, compared to the consensus revenue estimate of $23.78 billion.

21 equities research analysts have issued 12-month price targets for Cummins' shares. Their forecasts range from $130.00 to $195.00. On average, they anticipate Cummins' share price to reach $162.7222 in the next year. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for Cummins.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 13 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.

Headlines about CMI stock have trended neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cummins earned a media sentiment score of 0.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

Some companies that are related to Cummins include ELECTRICITE DE/ADR (ECIFY), BWX Technologies (BWXT), Brunswick (BC), Mosenergo Pao (AOMOY), TPI Composites (TPIC), Briggs & Stratton (BGG), China Yuchai International (CYD), Westport Fuel Systems (WPRT), Power Solutions International (PSIX), Terra Tech (TRTC), Capstone Turbine (CPST), American Power Group (APGI), REGI U.S. (RGUS) and Coates International (COTE).

Cummins' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.81%), Vanguard Group Inc (7.81%), BlackRock Inc. (6.74%), Capital Research Global Investors (2.59%), LSV Asset Management (2.01%) and Franklin Resources Inc. (1.62%). Company insiders that own Cummins stock include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Mark Andrew Smith, 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.

CMI stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, AQR Capital Management LLC, BlackRock Inc., Janus Henderson Group PLC, PNC Financial Services Group Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Bridgewater Associates LP. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Marya M Rose, Pat Ward, Tony Satterthwaite and Tracy A Embree. View Insider Buying and Selling for Cummins.

CMI stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Wells Fargo & Company MN, Federated Investors Inc. PA, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Bessemer Group Inc., Bank of New York Mellon Corp and American Century Companies Inc.. View Insider Buying and Selling for 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.

One share of CMI stock can currently be purchased for approximately $131.34.

Cummins has a market capitalization of $21.11 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.

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

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 [email protected]