Cummins Stock Price, News & Analysis (NYSE:CMI)

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

Cummins declared a quarterly dividend on Tuesday, July 9th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $1.311 per share on Tuesday, September 3rd. This represents a $5.24 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Cummins's previous quarterly dividend of $1.14. View Cummins' Dividend History.

Cummins declared that its board has initiated a share repurchase program on Tuesday, October 9th 2018, which authorizes the company to buyback $2,000,000,000.00 in 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 of directors believes its stock is undervalued.

Cummins Inc. (NYSE:CMI) released its quarterly earnings results on Tuesday, July, 30th. The company reported $4.27 EPS for the quarter, missing the Zacks' consensus estimate of $4.38 by $0.11. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.36 billion. Cummins had a return on equity of 29.75% and a net margin of 10.74%. Cummins's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.14 earnings per share. View Cummins' Earnings History.

Cummins is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Cummins.

Cummins updated its FY 2019 earnings guidance on Tuesday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $23.771-23.771 billion, compared to the consensus revenue estimate of $24.41 billion.

18 equities research analysts have issued 12 month target prices for Cummins' shares. Their forecasts range from $135.00 to $203.00. On average, they expect Cummins' share price to reach $165.5250 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for Cummins.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 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 negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cummins earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Cummins.

Cummins saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,715,800 shares, an increase of 9.5% from the July 31st total of 3,394,200 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.4% of the company's stock are sold short. View Cummins' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Cummins investors own include Gilead Sciences (GILD), Caterpillar (CAT), NVIDIA (NVDA), Johnson & Johnson (JNJ), Alibaba Group (BABA), General Electric (GE), Walt Disney (DIS), Boeing (BA), Verizon Communications (VZ) and Cisco Systems (CSCO).

Cummins' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.71%), BlackRock Inc. (7.28%), BlackRock Inc. (7.28%), LSV Asset Management (2.31%), Northern Trust Corp (1.56%) and AQR Capital Management LLC (1.50%). Company insiders that own Cummins stock include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, 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 Point72 Asset Management L.P., Boston Partners, Parnassus Investments CA, Prudential Financial Inc., MUFG Securities EMEA plc, Paloma Partners Management Co, Wells Fargo & Company MN and Ossiam. 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, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, 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 AQR Capital Management LLC, Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., Holocene Advisors LP, Invesco Ltd., Royal Bank of Canada and APG Asset Management N.V.. 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, Robinhood, Fidelity and Charles Schwab.

One share of CMI stock can currently be purchased for approximately $161.57.

Cummins has a market capitalization of $25.49 billion and generates $23.77 billion in revenue each year. The company earns $2.14 billion in net income (profit) each year or $13.23 on an earnings per share basis. Cummins employs 62,610 workers across the globe.View Additional Information About Cummins.

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]