NYSE:CMI - Cummins Stock Price, News & Analysis

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

Cummins announced a quarterly dividend on Tuesday, July 9th. Stockholders of record on Wednesday, August 21st will be given a dividend of $1.311 per share on Tuesday, September 3rd. This represents a $5.24 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Cummins's previous quarterly dividend of $1.14. View Cummins' Dividend History.

Cummins declared that its Board of Directors has authorized a share repurchase plan 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 buy up to 8.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Cummins Inc. (NYSE:CMI) released its quarterly earnings results on Tuesday, July, 30th. The company reported $4.27 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $4.38 by $0.11. The firm earned $6.22 billion during the quarter, compared to the consensus estimate of $6.36 billion. Cummins had a net margin of 10.74% and a return on equity of 29.75%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $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 issued an update on 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 brokerages have issued 12-month price targets for Cummins' shares. Their predictions range from $135.00 to $203.00. On average, they anticipate Cummins' share price to reach $165.5250 in the next twelve months. This suggests a possible upside of 10.9% 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 headlines about CMI stock have trended negative on Sunday, InfoTrie reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cummins earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Cummins.

Cummins saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 3,394,200 shares, a decrease of 8.3% from the June 30th total of 3,703,300 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.2% of the shares of the company 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), Power Solutions International (PSIX), Briggs & Stratton (BGG), 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 Caterpillar (CAT), Gilead Sciences (gild), 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 investors include Vanguard Group Inc. (7.71%), BlackRock Inc. (7.28%), LSV Asset Management (2.31%), Northern Trust Corp (1.56%), AQR Capital Management LLC (1.50%) and Bank of New York Mellon Corp (1.39%). 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., Parnassus Investments CA, Prudential Financial Inc., MUFG Securities EMEA plc, Paloma Partners Management Co, Wells Fargo & Company MN, Ossiam and Amundi Pioneer Asset Management Inc.. 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., Holocene Advisors LP, Invesco Ltd., Royal Bank of Canada, APG Asset Management N.V. and Great Lakes Advisors LLC. 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 $149.25.

Cummins has a market capitalization of $23.55 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]