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, October 9th. Stockholders of record on Thursday, November 15th will be paid a dividend of $1.14 per share on Monday, December 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, November 14th. View Cummins' Dividend History.

Cummins declared that its Board of Directors has initiated a share buyback plan 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Cummins Inc. (NYSE:CMI) announced its quarterly earnings results on Tuesday, October, 30th. The company reported $4.05 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.76 by $0.29. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.96 billion. Cummins had a net margin of 5.57% and a return on equity of 29.17%. Cummins's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 EPS. View Cummins' Earnings History.

Cummins is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Cummins.

Cummins will be holding an earnings conference call on Wednesday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Cummins issued an update on its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.492-23.901 billion, compared to the consensus revenue estimate of $23.78 billion.

21 analysts have issued 1 year target prices for Cummins' shares. Their predictions range from $130.00 to $195.00. On average, they anticipate Cummins' share price to reach $162.7222 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price. View Analyst Price Targets for Cummins.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 13 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.

News stories about CMI stock have trended very positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cummins earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.

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

Cummins' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.81%), BlackRock Inc. (6.74%), Capital Research Global Investors (2.59%), LSV Asset Management (2.01%), Franklin Resources Inc. (1.62%) and American Century Companies Inc. (1.57%). Company insiders that own Cummins stock include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Mark Andrew Smith, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Steven M Chapman, 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 Capital World Investors, AQR Capital Management LLC, BlackRock Inc., Janus Henderson Group PLC, PNC Financial Services Group Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Bridgewater Associates LP. 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, Pat Ward, 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 LSV Asset Management, Wells Fargo & Company MN, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Bessemer Group Inc., Bank of New York Mellon Corp, American Century Companies Inc. and Schroder Investment Management Group. 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 $135.97.

Cummins has a market capitalization of $21.58 billion and generates $20.43 billion in revenue each year. The company earns $999 million in net income (profit) each year or $10.62 on an earnings per share basis. Cummins employs 20,830 workers across the globe.

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]