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, July 9th. Stockholders 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 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, August 20th. This is a boost from Cummins's previous quarterly dividend of $1.14. View Cummins' Dividend History.

Cummins announced that its Board of Directors has approved a share repurchase program on Tuesday, October 9th 2018, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Cummins Inc. (NYSE:CMI) issued its quarterly earnings results on Tuesday, July, 30th. The company reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.38 by $0.11. The company 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%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.14 EPS. 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 earnings per share 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 Wall Street analysts have issued 12-month target prices for Cummins' shares. Their predictions 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 1.1% 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.

Media stories about CMI stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. 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 news sentiment score of 0.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Cummins.

Cummins saw a increase in short interest in 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 short-interest ratio is currently 2.9 days. Approximately 2.4% of the shares of the stock are short sold. 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 many different 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 $163.70.

Cummins has a market capitalization of $25.83 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]