Cummins Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Cummins stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Cummins a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cummins wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Cummins.

Cummins Inc. (NYSE:CMI) issued its quarterly earnings data on Monday, May, 3rd. The company reported $4.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.47 by $0.57. The business earned $6.09 billion during the quarter, compared to analyst estimates of $5.38 billion. Cummins had a trailing twelve-month return on equity of 22.10% and a net margin of 9.00%. The business's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.18 earnings per share.
View Cummins' earnings history.

Cummins' stock was trading at $141.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMI shares have increased by 65.2% and is now trading at $233.00.
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Cummins announced a quarterly dividend on Tuesday, May 11th. Shareholders of record on Friday, May 21st will be paid a dividend of $1.35 per share on Thursday, June 3rd. This represents a $5.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 20th.
View Cummins' dividend history.

Cummins pays an annual dividend of $5.40 per share and currently has a dividend yield of 2.28%. Cummins has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Cummins is 44.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cummins will have a dividend payout ratio of 29.20% next year. This indicates that Cummins will be able to sustain or increase its dividend.
View Cummins' dividend history.

Cummins announced that its board has approved a stock buyback program on Tuesday, December 10th 2019, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Cummins updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $23.77 billion-$24.57 billion, compared to the consensus revenue estimate of $22.20 billion.

20 brokerages have issued 1-year target prices for Cummins' shares. Their forecasts range from $160.00 to $358.00. On average, they anticipate Cummins' stock price to reach $261.70 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
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1,549 employees have rated Cummins CEO Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among Cummins' employees.

Some companies that are related to Cummins include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), The Toro (TTC), AGCO (AGCO), Oshkosh (OSK), Navistar International (NAV), Terex (TEX), Trinity Industries (TRN), Federal Signal (FSS), Alamo Group (ALG), Lindsay (LNN), Meritor (MTOR) and The Greenbrier Companies (GBX).
View all of CMI's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cummins investors own include Johnson & Johnson (JNJ), Caterpillar (CAT), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T), Intel (INTC), Pfizer (PFE), The Home Depot (HD) and The Walt Disney (DIS).

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

Cummins' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.36%), Price T Rowe Associates Inc. MD (3.10%), Geode Capital Management LLC (1.79%), LSV Asset Management (1.50%), Northern Trust Corp (1.47%) and First Eagle Investment Management LLC (1.36%). Company insiders that own Cummins stock include Jill E Cook, John D Brockhaus, Mark Andrew Smith, Mark J Osowick, Norman Thomas Linebarger, Thaddeus B Ewald and Tony Satterthwaite.
View institutional ownership trends for Cummins.

CMI stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Boston Partners, Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., LSV Asset Management, Healthcare of Ontario Pension Plan Trust Fund, Lazard Asset Management LLC, and Railway Pension Investments Ltd. Company insiders that have sold Cummins company stock in the last year include Jill E Cook, John D Brockhaus, Mark Andrew Smith, Norman Thomas Linebarger, and Thaddeus B Ewald.
View insider buying and selling activity for Cummins or view top insider-selling stocks.

CMI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Loomis Sayles & Co. L P, Ameriprise Financial Inc., Credit Suisse AG, Ardevora Asset Management LLP, AQR Capital Management LLC, Amundi Asset Management US Inc., and LA Financiere DE L Echiquier.
View insider buying and selling activity for Cummins or or view top insider-buying stocks.

Shares of CMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMI stock can currently be purchased for approximately $233.00.

Cummins has a market capitalization of $34.14 billion and generates $19.81 billion in revenue each year. The company earns $1.79 billion in net income (profit) each year or $12.18 on an earnings per share basis.

Cummins employs 57,825 workers across the globe.

The following companies are subsidiares of Cummins: Anvl, Apollo FC Holdings Ltd., Atlantis Acquisitionco Canada Corporation, Atlantis Holdco UK Limited, Brammo, CIFC Worldwide Partner C.V., CMI Africa Holdings BV, CMI CGT Holdings LLC, CMI Canada Financing Ltd., CMI Canada LP, CMI Foreign Holdings B.V., CMI Global Equity Holdings B.V., CMI Global Equity Holdings C.V., CMI Global Holdings B.V., CMI Global Partner 2 C.V., CMI Global Partners B.V., CMI Group Holdings B.V., CMI Group Holdings Cooperatief U.A., CMI International Finance Partner 1 LLC, CMI International Finance Partner 2 LLC, CMI International Finance Partner 3 LLC, CMI International Finance Partner 4 LLC, CMI International Finance Partner 5 LLC, CMI Mexico LLC, CMI Netherlands Holdings B.V., CMI PGI Holdings LLC, CMI PGI International Holdings LLC, CMI Turkish Holdings B.V., CMI UK Finance LP, CMI UK Financing LP, Cherry Island Renewable Energy LLC, Consolidated Diesel Company, Consolidated Diesel Inc., Consolidated Diesel of North Carolina Inc., Cummins (China) Investment Co. Ltd., Cummins (Xiangyang) Machining Co. Ltd., Cummins Africa Middle East (Pty) Ltd., Cummins Afrique de l'Ouest, Cummins Americas Inc., Cummins Angola Lda., Cummins Argentina-Servicios Mineros S.A., Cummins Asia Pacific Pte. Ltd., Cummins Aust Technologies Pty. Ltd., Cummins BLR LLC, Cummins Battery Systems North America LLC, Cummins Belgium N.V., Cummins Botswana (Pty.) Ltd., Cummins Brasil Ltda., Cummins Burkina Faso SARL, Cummins CDC Holding Inc., Cummins CV Member LLC, Cummins Canada ULC, Cummins Caribbean LLC, Cummins Center of Excellence Singapore Pte. Ltd., Cummins Centroamerica Holding S.de R.L., Cummins Child Development Center Inc., Cummins Colombia S.A.S., Cummins Comercializadora S. de R.L. de C.V., Cummins Corporation, Cummins Cote d'Ivoire SARL, Cummins Czech Republic s.r.o., Cummins Deutschland GmbH, Cummins Diesel International Ltd., Cummins Distribution Holdco Inc., Cummins EMEA Holdings Limited, Cummins East Asia Research & Development Co. Ltd., Cummins Eastern Marine Inc., Cummins Electrified Power Europe Ltd., Cummins Electrified Power NA Inc., Cummins Emission Solutions (China) Co. Ltd., Cummins Emission Solutions Inc., Cummins Empresas Filantropicas, Cummins Energetica Ltda., Cummins Engine (Beijing) Co. Ltd., Cummins Engine (Shanghai) Co. Ltd., Cummins Engine (Shanghai) Trading & Services Co. Ltd., Cummins Engine Holding Company Inc., Cummins Engine IP Inc., Cummins Engine Malaysia Sdn. Bhd., Cummins Engine Venture Corporation, Cummins Enterprise LLC, Cummins Filtration (Shanghai) Co. Ltd., Cummins Filtration GmbH, Cummins Filtration IP Inc., Cummins Filtration Inc., Cummins Filtration International Corp., Cummins Filtration Ltd., Cummins Filtration SARL, Cummins Filtration Trading (Shanghai) Co. Ltd., Cummins Filtros Ltda., Cummins Franchise Holdco LLC, Cummins Fuel Systems (Wuhan) Co. Ltd., Cummins Generator Technologies (China) Co. Ltd., Cummins Generator Technologies Americas Inc., Cummins Generator Technologies Germany GmbH, Cummins Generator Technologies India Private Ltd., Cummins Generator Technologies Italy SRL, Cummins Generator Technologies Limited, Cummins Generator Technologies Romania S.A., Cummins Generator Technologies Singapore Pte Ltd., Cummins Ghana Limited, Cummins Ghana Mining Limited, Cummins Global Financing LP, Cummins Global Technologies LLP, Cummins Grupo Comercial Y. de Servicios S. de R.L. de C.V., Cummins Grupo Industrial S. de R.L. de C.V., Cummins Holland B.V., Cummins Hong Kong Ltd., Cummins India Ltd., Cummins Intellectual Property Inc., Cummins International Finance LLC, Cummins International Holdings Cooperatief U.A., Cummins International Holdings LLC, Cummins Italia S.P.A., Cummins Japan Ltd., Cummins Korea Co. Ltd., Cummins LLC Member Inc., Cummins Ltd., Cummins Maroc SARL, Cummins Middle East FZE, Cummins Mining Services S. de R.L. de C.V., Cummins Mobility Services Inc., Cummins Mongolia Investment LLC, Cummins Mozambique Ltda., Cummins NV, Cummins Namibia Engine Sales and Service PTY LTD, Cummins Natural Gas Engines Inc., Cummins New Zealand Limited, Cummins Nigeria Ltd., Cummins Norte de Colombia S.A.S., Cummins North Africa Regional Office SARL, Cummins Norway AS, Cummins PGI Holdings Ltd., Cummins Power Generation (China) Co. Ltd., Cummins Power Generation (S) Pte. Ltd., Cummins Power Generation (U.K.) Limited, Cummins Power Generation Deutschland GmbH, Cummins Power Generation Inc., Cummins Power Generation Limited, Cummins PowerGen IP Inc., Cummins Research and Technology India Private Ltd., Cummins Romania Srl, Cummins S. de R.L. de C.V., Cummins Sales and Service Korea Co. Ltd., Cummins Sales and Service Philippines Inc., Cummins Sales and Service Private Limited, Cummins Sales and Service Sdn. Bhd., Cummins Sales and Service Singapore Pte. Ltd., Cummins Sinai ve Otomotiv Urunleri Sanayi ve Ticaret Limited Sirketi, Cummins South Africa (Pty.) Ltd., Cummins South Pacific Pty. Limited, Cummins Southern Plains LLC, Cummins Spain S.L., Cummins Sweden AB, Cummins Technologies India, Cummins Trade Receivables LLC, Cummins Turbo Technologies Limited, Cummins Turkey Motor Güç Sistemleri Satış Servis Limited Şirketi, Cummins U.K. Holdings Ltd., Cummins U.K. Pension Plan Trustee Ltd., Cummins UK Global Holdings Ltd., Cummins UK Holdings LLC, Cummins Vendas e Servicos de Motores e Geradores Ltda., Cummins Venture Corporation, Cummins West Africa Limited, Cummins West Balkans d.o.o. Nova Pasova, Cummins XBorder Operations (Pty) Ltd, Cummins Zambia Ltd., Cummins Zimbabwe Pvt. Ltd., Distribuidora Cummins Centroamerica Costa Rica S.de R.L., Distribuidora Cummins Centroamerica El Salvador S.de R.L., Distribuidora Cummins Centroamerica Guatemala Ltda., Distribuidora Cummins Centroamerica Honduras S.de R.L., Distribuidora Cummins S.A., Distribuidora Cummins Sucursal Paraguay SRL, Distribuidora Cummins de Panama S. de R.L., Dynamo Insurance Company Inc., Efficient Drivetrains, Efficient Drivetrains (Beijing) New Power Technology Co. Ltd., Efficient Drivetrains (Shanghai) Co. Ltd., Hilite International, Hydrogenics, Hydrogenics Corporation, Hydrogenics Europe N.V., Hydrogenics GmbH, Hydrogenics Holding GmbH, Hydrogenics USA Inc., Markon Engineering Company Ltd., Nelson Burgess Ltd., Nelson Industries, Newage Engineers GmbH, Newage Ltd. (U.K.), Newage Machine Tools Ltd., OOO Cummins, Petbow Limited, Power Group International (Overseas Holdings) B.V., Power Group International (Overseas Holdings) Ltd., Power Group International Ltd., Quickstart Energy Projects SpA, Shanghai Cummins Trade Co. Ltd., TOO Cummins, Taiwan Cummins Sales & Services Co. Ltd., Worldwide Partner CV Member LLC, Wuxi Cummins Turbo Technologies Co. Ltd., Wuxi New Energy Automotive Technologies Co. Ltd., and ZED Connect Inc..

Cummins was founded in 1919.

The official website for Cummins is www.cummins.com.

Cummins is headquartered at 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202.

Cummins' mailing address is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. The company can be reached via phone at 812-377-5000 or via email at [email protected]