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NYSE:CMICummins Stock Price, Forecast & News

$193.01
-2.30 (-1.18 %)
(As of 08/4/2020 04:00 PM ET)
Add
Compare
Today's Range
$192.92
Now: $193.01
$196.10
50-Day Range
$166.61
MA: $179.15
$198.88
52-Week Range
$101.03
Now: $193.01
$204.98
Volume803,233 shs
Average Volume1.40 million shs
Market Capitalization$28.50 billion
P/E Ratio17.22
Dividend Yield2.68%
Beta1.17
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brands for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


Industry, Sector and Symbol

Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
CUSIP23102110
Phone812-377-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.57 billion
Cash Flow$19.69 per share
Book Value$55.25 per share

Profitability

Net Income$2.26 billion

Miscellaneous

Employees61,615
Market Cap$28.50 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$193.01
-2.30 (-1.18 %)
(As of 08/4/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cummins (NYSE:CMI) Frequently Asked Questions

How has Cummins' stock been impacted by COVID-19 (Coronavirus)?

Cummins' stock was trading at $141.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CMI shares have increased by 36.8% and is now trading at $193.01.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Cummins?

20 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cummins
.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Cummins
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) announced its quarterly earnings results on Tuesday, July, 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.93. The firm earned $3.85 billion during the quarter, compared to analysts' expectations of $3.68 billion. Cummins had a net margin of 8.46% and a return on equity of 21.04%. The firm's revenue for the quarter was down 38.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.27 earnings per share.
View Cummins' earnings history
.

How often does Cummins pay dividends? What is the dividend yield for Cummins?

Cummins declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Friday, August 21st will be paid a dividend of $1.311 per share on Thursday, September 3rd. This represents a $5.24 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, August 20th.
View Cummins' dividend history
.

How will Cummins' stock buyback program work?

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

What price target have analysts set for CMI?

20 Wall Street analysts have issued 12-month price targets for Cummins' shares. Their forecasts range from $150.00 to $244.00. On average, they expect Cummins' stock price to reach $185.71 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for Cummins
.

Has Cummins been receiving favorable news coverage?

News articles about CMI stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cummins earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Cummins
.

Are investors shorting Cummins?

Cummins saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,870,000 shares, an increase of 8.7% from the June 15th total of 4,480,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.4% of the shares of the company are sold short.
View Cummins' Current Options Chain
.

Who are some of Cummins' key competitors?

What other stocks do shareholders of Cummins own?

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

Who are Cummins' key executives?

Cummins' management team includes the following people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 56)
  • Mr. Richard J. Freeland, Pres, COO & Director (Age 62)
  • Mr. Patrick J. Ward, VP & CFO (Age 55)
  • Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 56)
  • Mr. Livingston L. Satterthwaite, VP & Pres of Distribution Bus. (Age 58)

What is Cummins' stock symbol?

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

Who are Cummins' major shareholders?

Cummins' stock is owned by many different retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), First Trust Advisors LP (0.33%), Miller Howard Investments Inc. NY (0.22%), PGGM Investments (0.19%) and Hamlin Capital Management LLC (0.17%). Company insiders that own Cummins stock include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Mark J Osowick, 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
.

Which major investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Sumitomo Mitsui Trust Holdings Inc., Hexavest Inc., Miller Howard Investments Inc. NY, Prime Capital Investment Advisors LLC, BancorpSouth Bank, Gateway Investment Advisers LLC, and Northstar Investment Advisors LLC. Company insiders that have sold Cummins company stock in the last year include Mark J Osowick, Norman Thomas Linebarger, and Tony Satterthwaite.
View insider buying and selling activity for Cummins
.

Which major investors are buying Cummins stock?

CMI stock was bought by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A., Columbus Circle Investors, MERIAN GLOBAL INVESTORS UK Ltd, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Mackay Shields LLC, and Cardinal Capital Management.
View insider buying and selling activity for Cummins
.

How do I buy shares of 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.

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $193.01.

How big of a company is Cummins?

Cummins has a market capitalization of $28.50 billion and generates $23.57 billion in revenue each year. The company earns $2.26 billion in net income (profit) each year or $15.05 on an earnings per share basis. Cummins employs 61,615 workers across the globe.

What is Cummins' official website?

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

How can I contact Cummins?

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 investor.cummins.com.

This page was last updated on 8/4/2020 by MarketBeat.com Staff

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