About Cummins (NYSE:CMI)
Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.
Industry, Sector and Symbol:
- Sector: Auto/Tires/Trucks
- Industry: Construction Supplies & Fixtures
- Sub-Industry: Construction & Farm Machinery & Heavy Trucks
- Symbol: NYSE:CMI
- CUSIP: 23102110
- Web: www.cummins.com
- Market Cap: $29.58 billion
- Outstanding Shares: 167,000,000
- 50 Day Moving Avg: $168.60
- 200 Day Moving Avg: $160.11
- 52 Week Range: $121.22 - $177.30
Sales & Book Value:
- Trailing P/E Ratio: 20.02
- Foreward P/E Ratio: 16.06
- P/E Growth: 1.21
- Annual Revenue: $18.36 billion
- Price / Sales: 1.61
- Book Value: $44.87 per share
- Price / Book: 3.95
- Annual Dividend: $4.32
- Dividend Yield: 2.5%
- EBITDA: $2.35 billion
- Net Margins: 8.10%
- Return on Equity: 20.67%
- Return on Assets: 9.91%
- Debt-to-Equity Ratio: 0.20%
- Current Ratio: 1.76%
- Quick Ratio: 1.15%
- Average Volume: 1.21 million shs.
- Beta: 1.13
- Short Ratio: 2.68
Frequently Asked Questions for Cummins (NYSE:CMI)
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 10th. Shareholders of record on Friday, November 17th will be given a dividend of $1.08 per share on Friday, December 1st. This represents a $4.32 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, November 16th. View Cummins' Dividend History.
How were Cummins' earnings last quarter?
Cummins Inc. (NYSE:CMI) released its earnings results on Tuesday, August, 1st. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.58 by $0.05. The firm earned $5.08 billion during the quarter, compared to analyst estimates of $4.80 billion. Cummins had a net margin of 8.10% and a return on equity of 20.67%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.40 EPS. View Cummins' Earnings History.
When will Cummins make its next earnings announcement?
Where is Cummins' stock going? Where will Cummins' stock price be in 2017?
16 brokerages have issued 12 month price targets for Cummins' shares. Their predictions range from $144.00 to $192.00. On average, they expect Cummins' share price to reach $166.07 in the next twelve months. View Analyst Ratings for Cummins.
Who are some of Cummins' key competitors?
Some companies that are related to Cummins include Masco Corporation (MAS), Fortune Brands Home & Security (FBHS), Valmont Industries (VMI), Trex Company (TREX), Simpson Manufacturing Company (SSD), Builders FirstSource (BLDR), Apogee Enterprises (APOG), Continental Building Products (CBPX), Quanex Building Products Corporation (NX), Tyman PLC (TYMN), Foundation Building Materials (FBM), Low & Bonar plc (LWB), Epwin Group PLC (EPWN) and Headwaters (HW).
Who are Cummins' key executives?
Cummins' management team includes the folowing people:
- Norman Thomas Linebarger, Chairman of the Board
- Richard Joseph Freeland, President, Chief Executive Officer, Director
- Patrick J. Ward, Chief Financial Officer, Vice President
- Jill E. Cook, Chief Human Resource Officer, Vice President
- Jennifer Rumsey, Chief Technology Officer, Vice President
- Sherry A. Aaholm, Chief Information Officer, Vice President
- Marya M. Rose, Vice President, Chief Administrative Officer
- Sharon R. Barner, Vice President, General Counsel
- Anant J. Talaulicar, Vice President, Chairman & Managing Director - Cummins India Area Business Organization
- Donald G. Jackson, Vice President, Treasurer
Who owns Cummins stock?
Cummins' stock is owned by a variety of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (1.17%), Hermes Investment Management Ltd. (0.26%), PGGM Investments (0.22%), Robeco Institutional Asset Management B.V. (0.11%), Assenagon Asset Management S.A. (0.03%) and State Treasurer State of Michigan (0.03%). Company insiders that own Cummins stock include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Leo Allen Bruno V Di, Leslie Klein, Marsha L Hunt, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, Steven M Chapman, Thaddeus B Ewald and Tony Satterthwaite. View Institutional Ownership Trends for Cummins.
Who sold Cummins stock? Who is selling Cummins stock?
Cummins' stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., State Treasurer State of Michigan, Meeder Asset Management Inc., Arrow Financial Corp and Canal Capital Management LLC. Company insiders that have sold Cummins stock in the last year include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Marsha L Hunt, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Steven M Chapman and Tony Satterthwaite. View Insider Buying and Selling for Cummins.
Who bought Cummins stock? Who is buying Cummins stock?
Cummins' stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Assenagon Asset Management S.A., Shell Asset Management Co., Foster & Motley Inc., Robeco Institutional Asset Management B.V., Eqis Capital Management Inc., Adams Asset Advisors LLC and PGGM Investments. Company insiders that have bought Cummins stock in the last two years include Leo Allen Bruno V Di and Leslie Klein. View Insider Buying and Selling for Cummins.
How do I buy Cummins stock?
Shares of Cummins can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cummins' stock price today?
MarketBeat Community Rating for Cummins (NYSE CMI)MarketBeat's community ratings are surveys of what our community members think about Cummins and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cummins stock can currently be purchased for approximately $177.10.
Consensus Ratings for Cummins (NYSE:CMI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 10 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.13)|
|Consensus Price Target: ||$166.07 (6.23% downside)|Consensus Price Target History for Cummins (NYSE:CMI)
Analysts' Ratings History for Cummins (NYSE:CMI)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Piper Jaffray Companies||Set Price Target||Hold||$159.00||N/A|
|10/13/2017||Citigroup Inc.||Boost Price Target||Neutral||$175.00 -> $183.00||N/A|
|10/12/2017||Robert W. Baird||Reiterated Rating||Sell||$153.00||N/A|
|10/12/2017||Longbow Research||Downgrade||Buy -> Neutral||N/A|
|10/9/2017||Deutsche Bank AG||Reiterated Rating||Sell||$147.00 -> $159.00||N/A|
|10/6/2017||Wells Fargo & Company||Boost Price Target||Market Perform||$184.50 -> $190.00||N/A|
|9/7/2017||Jefferies Group LLC||Reiterated Rating||Hold||$165.00||Low|
|9/5/2017||Buckingham Research||Initiated Coverage||Buy -> Buy||$180.00||Low|
|8/8/2017||Stifel Nicolaus||Reiterated Rating||Hold||$160.00 -> $168.00||Low|
|8/7/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Conviction-Buy -> Buy||$192.00||Low|
|7/12/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$166.00||Medium|
|7/4/2017||Seaport Global Securities||Reiterated Rating||Neutral||Low|
|4/19/2017||Barclays PLC||Boost Price Target||Equal Weight||$137.00 -> $144.00||Low|
|3/27/2017||Credit Suisse Group||Set Price Target||Buy||$173.00||Medium|
|1/13/2017||BMO Capital Markets||Reiterated Rating||Hold||$150.00||N/A|
|11/7/2016||Evercore ISI||Upgrade||Hold -> Buy||$113.00 -> $144.00||N/A|
|9/8/2016||William Blair||Set Price Target||Hold||$110.00||N/A|
|7/14/2016||Standpoint Research||Downgrade||Buy -> Hold||N/A|
|5/3/2016||Avondale Partners||Boost Price Target||Market Perform||$80.00 -> $100.00||N/A|
|4/18/2016||Bank of America Corporation||Upgrade||Underperform -> Neutral||$96.00 -> $122.00||N/A|
|4/11/2016||Macquarie||Downgrade||Outperform -> Neutral||N/A|
|2/5/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$91.00 -> $88.00||N/A|
|12/3/2015||Cleveland Research||Reiterated Rating||Neutral||N/A|
|10/28/2015||Argus||Lower Price Target||Buy||$135.00 -> $120.00||N/A|
|10/28/2015||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$112.00 -> $79.00||N/A|
Earnings History for Cummins (NYSE:CMI)Earnings History by Quarter for Cummins (NYSE CMI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$2.58||$2.53||$4.80 billion||$5.08 billion||View||Listen|
|5/2/2017||Q1 17||$1.81||$2.36||$4.15 billion||$4.59 billion||View||Listen|
|2/9/2017||Q416||$2.02||$2.25||$4.77 billion||$4.50 billion||View||Listen|
|11/1/2016||Q316||$1.96||$2.02||$4.23 billion||$4.49 billion||View||Listen|
|8/2/2016||Q216||$2.15||$2.40||$4.50 billion||$4.50 billion||View||Listen|
|5/3/2016||Q116||$1.78||$1.87||$4.30 billion||$4.30 billion||View||Listen|
|2/4/2016||Q415||$2.11||$2.02||$4.69 billion||$4.80 billion||View||Listen|
|10/27/2015||Q315||$2.60||$2.14||$4.91 billion||$4.62 billion||View||Listen|
|7/28/2015||Q215||$2.55||$2.62||$4.94 billion||$5.00 billion||View||Listen|
|4/28/2015||Q115||$2.12||$2.04||$4.54 billion||$4.70 billion||View||Listen|
|2/5/2015||Q4||$2.50||$2.56||$5.04 billion||$5.10 billion||View||Listen|
|10/28/2014||Q314||$2.28||$2.32||$4.72 billion||$4.89 billion||View||Listen|
|7/28/2014||Q214||$2.39||$2.43||$4.83 billion||$4.80 billion||View||Listen|
|4/29/2014||Q114||$1.67||$1.83||$4.17 billion||$4.40 billion||View||Listen|
|2/6/2014||Q413||$1.98||$2.32||$4.21 billion||$4.60 billion||View||Listen|
|10/29/2013||Q313||$2.11||$1.90||$4.38 billion||$4.30 billion||View||Listen|
|7/30/2013||Q2 2013||$1.99||$2.20||$4.26 billion||$4.50 billion||View||Listen|
|4/30/2013||Q1 2013||$1.86||$1.49||$3.97 billion||$3.92 billion||View||Listen|
|2/6/2013||Q4 2012||$1.75||$2.00||$4.04 billion||$4.30 billion||View||Listen|
|10/31/2012||Q312||$1.86||$1.86||$4.15 billion||$4.10 billion||View||N/A|
Earnings Estimates for Cummins (NYSE:CMI)
2017 EPS Consensus Estimate: $9.33
2018 EPS Consensus Estimate: $10.65
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cummins (NYSE:CMI)
|Dividend Growth:||21.10% (3 Year Average)|
|Payout Ratio:||48.76% (Trailing 12 Months of Earnings) |
54.14% (Based on This Year's Estimates)
39.17% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Cummins (NYSE CMI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cummins (NYSE:CMI)
Insider Ownership Percentage: 0.62%Insider Trades by Quarter for Cummins (NYSE:CMI)
Institutional Ownership Percentage: 80.31%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/9/2017||Franklin R Changdiaz||Director||Sell||1,633||$159.27||$260,087.91|| |
|7/25/2017||Pat Ward||CFO||Sell||5,000||$169.00||$845,000.00|| |
|7/25/2017||Tony Satterthwaite||Insider||Sell||4,000||$169.00||$676,000.00|| |
|7/24/2017||Jill E Cook||Insider||Sell||7,000||$165.86||$1,161,020.00|| |
|7/6/2017||Richard Joseph Freeland||COO||Sell||22,550||$165.00||$3,720,750.00|| |
|7/6/2017||Tony Satterthwaite||Insider||Sell||4,000||$164.50||$658,000.00|| |
|6/19/2017||Pat Ward||CFO||Sell||14,050||$163.95||$2,303,497.50|| |
|5/30/2017||Anant Talaulicar||VP||Sell||1,650||$157.50||$259,875.00|| |
|5/25/2017||Georgia R Nelson||Director||Sell||1,086||$156.10||$169,524.60|| |
|5/10/2017||Alexis M Herman||Director||Sell||1,300||$159.16||$206,908.00|| |
|5/2/2017||Norman Thomas Linebarger||CEO||Sell||24,000||$163.00||$3,912,000.00|| |
|5/2/2017||Steven M Chapman||Insider||Sell||6,540||$163.00||$1,066,020.00|| |
|4/28/2017||Tony Satterthwaite||Insider||Sell||4,000||$151.03||$604,120.00|| |
|11/11/2016||Marya M Rose||CAO||Sell||5,450||$136.40||$743,380.00|| |
|11/7/2016||Marsha L Hunt||VP||Sell||5,910||$128.10||$757,071.00|| |
|8/12/2016||Pat Ward||CFO||Sell||5,000||$127.50||$637,500.00|| |
|8/11/2016||Thaddeus B. Ewald||VP||Sell||820||$126.95||$104,099.00|| |
|8/8/2016||Marsha L Hunt||VP||Sell||500||$126.26||$63,130.00|| |
|8/5/2016||Jill E Cook||Insider||Sell||5,980||$125.05||$747,799.00|| |
|8/5/2016||Richard Joseph Freeland||COO||Sell||2,500||$125.00||$312,500.00|| |
|7/27/2016||Pat Ward||CFO||Sell||5,000||$122.50||$612,500.00|| |
|7/26/2016||Jill E Cook||Insider||Sell||5,981||$120.20||$718,916.20|| |
|5/26/2016||Alexis M Herman||Director||Sell||1,086||$113.67||$123,445.62|| |
|5/25/2016||Anant Talaulicar||VP||Sell||5,100||$111.54||$568,854.00|| |
|5/18/2016||Srikanth Padmanabhan||Insider||Sell||1,463||$112.56||$164,675.28|| |
|5/17/2016||Marya M Rose||CAO||Sell||850||$115.82||$98,447.00|| |
|5/12/2016||Marya M Rose||CAO||Sell||850||$114.55||$97,367.50|| |
|4/18/2016||Pat Ward||CFO||Sell||5,000||$116.46||$582,300.00|| |
|2/11/2016||Marsha L Hunt||VP||Sell||300||$95.36||$28,608.00|| |
|11/16/2015||Leo Allen Bruno V Di||Director||Buy||1,500||$99.52||$149,280.00|| |
|5/6/2015||John C Wall||VP||Sell||10,000||$138.99||$1,389,900.00|| |
|5/6/2015||Ronald A Leslie||Director||Sell||1,700||$1.12||$1,904.00|
|5/4/2015||Ronald A Leslie||Director||Sell||14,000||$1.10||$15,400.00|
|4/30/2015||Eliahu Tzion Fathi||Director||Sell||5,700||$1.12||$6,384.00|
|4/24/2015||Eliahu Tzion Fathi||Director||Sell||4,200||$1.12||$4,704.00|
|11/21/2014||Alexis M Herman||Director||Sell||1,011||$148.04||$149,668.44|| |
|6/9/2014||Norman Thomas Linebarger||CEO||Sell||10,647||$160.00||$1,703,520.00|| |
|5/19/2014||Pamela Carter||Insider||Sell||4,578||$150.68||$689,813.04|| |
|5/16/2014||Richard Harris||VP||Sell||3,540||$147.84||$523,353.60|| |
|5/15/2014||Alexis Herman||Director||Sell||2,908||$151.50||$440,562.00|| |
|5/2/2014||Marsha Hunt||VP||Sell||2,520||$151.33||$381,351.60|| |
|5/2/2014||Marya Rose||CAO||Sell||5,350||$150.67||$806,084.50|| |
|4/29/2014||Norman Thomas Linebarger||CEO||Sell||10,647||$151.80||$1,616,214.60|| |
|4/29/2014||Richard Joseph Freeland||Insider||Sell||5,000||$151.80||$759,000.00|| |
|2/24/2014||Steven Chapman||VP||Sell||4,500||$145.00||$652,500.00|| |
|2/18/2014||John Wall||VP||Sell||5,500||$142.61||$784,355.00|| |
|2/12/2014||Pamela Carter||Insider||Sell||10,000||$136.61||$1,366,100.00|| |
|12/26/2013||Richard Joseph Freeland||Insider||Sell||5,000||$140.00||$700,000.00|| |
|9/16/2013||Pat Ward||CFO||Sell||4,410||$136.24||$600,818.40|| |
|9/10/2013||Norman Thomas Linebarger||CEO||Sell||20,000||$130.03||$2,600,600.00|| |
|9/10/2013||Richard Joseph Freeland||Insider||Sell||5,000||$130.03||$650,150.00|| |
|9/10/2013||Steven M Chapman||VP||Sell||4,500||$130.03||$585,135.00|| |
|9/9/2013||Pat Ward||CFO||Sell||4,000||$129.95||$519,800.00|| |
|8/26/2013||Anant Talaulicar||VP||Sell||9,630||$124.79||$1,201,727.70|| |
|8/12/2013||Pat Ward||CFO||Sell||4,000||$124.95||$499,800.00|| |
|5/24/2013||Steven M Chapman||VP||Sell||9,930||$116.03||$1,152,177.90|| |
|5/22/2013||Marya M Rose||CAO||Sell||4,000||$118.57||$474,280.00|| |
|8/21/2012||John C Wall||VP||Sell||4,500||$104.30||$469,350.00|| |
|8/20/2012||Franklin R Changdiaz||Director||Sell||1,784||$102.49||$182,842.16|| |
Headline Trends for Cummins (NYSE:CMI)
Latest Headlines for Cummins (NYSE:CMI)
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Cummins (CMI) Chart for Monday, October, 23, 2017