NYSE:CMI

Cummins Stock Forecast, Price & News

$231.97
-1.83 (-0.78 %)
(As of 07/28/2021 03:08 PM ET)
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Today's Range
$230.23
$234.79
50-Day Range
$233.00
$264.22
52-Week Range
$189.93
$277.09
Volume31,612 shs
Average Volume1.05 million shs
Market Capitalization$33.99 billion
P/E Ratio18.34
Dividend Yield2.28%
Beta1.07
30 days | 90 days | 365 days | Advanced Chart
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About Cummins

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers 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; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, and electric power generation systems. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. 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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MarketRank

Overall MarketRank

2.95 out of 5 stars

Auto/Tires/Trucks Sector

1st out of 181 stocks

Engines & Turbines Industry

2nd out of 19 stocks

Analyst Opinion: 3.2Community Rank: 3.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Cummins (NYSE:CMI) Frequently Asked Questions

Is Cummins a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 8 hold ratings and 10 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.
View analyst ratings for Cummins
or view top-rated stocks.

What stocks does MarketBeat like better than Cummins?

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.
View MarketBeat's top stock picks here.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Cummins
.

How can I listen to Cummins' earnings call?

Cummins will be holding an earnings conference call on Tuesday, August 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) issued its earnings results on Monday, May, 3rd. The company reported $4.04 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.47 by $0.57. The firm had revenue of $6.09 billion for the quarter, compared to analysts' expectations of $5.38 billion. Cummins had a net margin of 9.00% and a trailing twelve-month return on equity of 22.10%. The company's revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.18 EPS.
View Cummins' earnings history
.

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

Cummins' stock was trading at $141.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CMI stock has increased by 63.4% and is now trading at $230.49.
View which stocks have been most impacted by COVID-19
.

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

Cummins announced a quarterly dividend on Tuesday, July 13th. Shareholders of record on Friday, August 20th will be paid a dividend of $1.45 per share on Thursday, September 2nd. This represents a $5.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, August 19th. This is an increase from Cummins's previous quarterly dividend of $1.35.
View Cummins' dividend history
.

Is Cummins a good dividend stock?

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 29.06% next year. This indicates that Cummins will be able to sustain or increase its dividend.
View Cummins' dividend history.

How will Cummins' stock buyback program work?

Cummins declared that its Board of Directors has approved a share buyback program on Tuesday, December 10th 2019, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

What guidance has Cummins issued on next quarter's earnings?

Cummins issued an update on its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided EPS 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.

What price target have analysts set for CMI?

19 equities research analysts have issued 12-month price targets for Cummins' stock. Their forecasts range from $160.00 to $358.00. On average, they expect Cummins' share price to reach $266.37 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
View analysts' price targets for Cummins
or view top-rated stocks among Wall Street analysts.

Who are Cummins' key executives?

Cummins' management team includes the following people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 58, Pay $6.84M)
  • Mr. Livingston L. Satterthwaite, Vice Chairman (Age 60, Pay $1.83M)
  • Mr. Mark A. Smith, CFO & VP (Age 53, Pay $1.47M)
  • Mr. Srikanth Padmanabhan, VP & Pres of Engine Bus. (Age 56, Pay $1.49M)
  • Ms. Jennifer W. Rumsey, Pres & COO (Age 47)
  • Mr. Walter Jim Fier, VP & Chief Technical Officer (Age 56)
  • Mr. Earl Newsome Jr., VP & Chief Information Officer
  • Ms. Sharon R. Barner, VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 63)
  • Mr. Jack Kienzler, Exec. Director of Investor Relations
  • Mr. Mark J. Sifferlen, VP of Ethics & Compliance and Sec.

What is Tom Linebarger's approval rating as Cummins' CEO?

1,549 employees have rated Cummins CEO Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among Cummins' employees.

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), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T), Intel (INTC), Pfizer (PFE), The Home Depot (HD) and The Walt Disney (DIS).

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 a number of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.06%), Welch & Forbes LLC (0.05%), Oregon Public Employees Retirement Fund (0.05%), State of Alaska Department of Revenue (0.03%), Atwater Malick LLC (0.02%) and Anderson Hoagland & Co. (0.02%). 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
.

Which major investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, Archford Capital Strategies LLC, Stock Yards Bank & Trust Co., Harel Insurance Investments & Financial Services Ltd., CHICAGO TRUST Co NA, and Seven Springs Wealth Group LLC. 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.

Which major investors are buying Cummins stock?

CMI stock was bought by a variety of institutional investors in the last quarter, including Selway Asset Management, Manning & Napier Group LLC, Access Financial Services Inc., Welch & Forbes LLC, IFM Investors Pty Ltd, Pflug Koory LLC, Meridian Wealth Management LLC, and Fulcrum Equity Management.
View insider buying and selling activity for Cummins
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $230.49.

How much money does Cummins make?

Cummins has a market capitalization of $33.78 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.

How many employees does Cummins have?

Cummins employs 57,825 workers across the globe.

Does Cummins have any subsidiaries?

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..

When was Cummins founded?

Cummins was founded in 1919.

What is Cummins' official website?

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

Where are Cummins' headquarters?

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

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 [email protected]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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