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. Shareholders 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 annualized dividend and a yield of 3.16%. The ex-dividend date is Wednesday, November 14th. View Cummins' Dividend History.

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

Cummins Inc. (NYSE:CMI) announced its earnings results on Tuesday, October, 30th. The company reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.76 by $0.29. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.96 billion. Cummins had a net margin of 5.57% and a return on equity of 29.17%. The business's revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 updated its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided 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.

22 equities research analysts have issued 1-year price objectives for Cummins' shares. Their forecasts range from $130.00 to $195.00. On average, they anticipate Cummins' stock price to reach $163.6316 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Cummins.

22 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 7 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 negative on Wednesday, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog 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 -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

Some companies that are related to Cummins include ELECTRICITE DE/ADR (ECIFY), BWX Technologies (BWXT), Brunswick (BC), Mosenergo (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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.74%), LSV Asset Management (2.01%), Franklin Resources Inc. (1.62%), American Century Companies Inc. (1.57%), Wells Fargo & Company MN (1.41%) and FMR LLC (1.32%). 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 BlackRock Inc., Janus Henderson Group PLC, PNC Financial Services Group Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Bridgewater Associates LP, Cornerstone Wealth Management LLC and Korea Investment CORP. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, 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 acquired 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 $144.50.

Cummins has a market capitalization of $22.97 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]