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 given a dividend of $1.14 per share on Monday, December 3rd. This represents a $4.56 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, November 14th. View Cummins' Dividend History.

Cummins declared that its board has approved a share buyback program on Tuesday, October 9th 2018, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Cummins Inc. (NYSE:CMI) released its quarterly earnings results on Tuesday, October, 30th. The company reported $4.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.76 by $0.29. The company had revenue of $5.94 billion for 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 business's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 earnings per share. 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 updated its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided 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 brokerages have issued twelve-month price targets for Cummins' stock. Their predictions range from $130.00 to $195.00. On average, they anticipate Cummins' stock price to reach $162.7222 in the next year. This suggests a possible upside of 21.2% 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.

News articles about CMI stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cummins earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the next few days.

Some companies that are related to Cummins include ELECTRICITE DE/ADR (ECIFY), Brunswick (BC), BWX Technologies (BWXT), 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 retail and institutional 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 acquired 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 $134.29.

Cummins has a market capitalization of $21.83 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]