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

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

Cummins declared a quarterly dividend on Tuesday, October 9th. Investors 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 dividend yield of 3.13%. The ex-dividend date is Wednesday, November 14th. View Cummins' Dividend History.

Cummins declared that its Board of Directors has approved a share repurchase program on Tuesday, October 9th 2018, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Cummins Inc. (NYSE:CMI) announced its earnings results on Tuesday, October, 30th. The company reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $0.29. The firm earned $5.94 billion during the quarter, compared to analysts' expectations of $5.96 billion. Cummins had a return on equity of 29.17% and a net margin of 5.57%. The firm's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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 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.

22 analysts have issued twelve-month target prices for Cummins' shares. Their forecasts range from $130.00 to $195.00. On average, they anticipate Cummins' share price to reach $163.6316 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Cummins.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 14 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.

Media headlines about CMI stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cummins earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

Some companies that are related to Cummins include ELECTRICITE DE/ADR (ECIFY), Brunswick (BC), BWX Technologies (BWXT), Mosenergo (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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.74%), Capital Research Global Investors (2.59%), LSV Asset Management (2.01%), Franklin Resources Inc. (1.62%), American Century Companies Inc. (1.57%) and Wells Fargo & Company MN (1.41%). 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, BlackRock Inc., Janus Henderson Group PLC, PNC Financial Services Group Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Bridgewater Associates LP and Cornerstone Wealth Management LLC. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, 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 bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Wells Fargo & Company MN, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Bessemer Group Inc., Bank of New York Mellon Corp, American Century Companies Inc. and Schroder Investment Management Group. 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 $145.84.

Cummins has a market capitalization of $23.18 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]