Cummins Stock Price, News & Analysis (NYSE:CMI)

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

Cummins announced a quarterly dividend on Monday, October 7th. Shareholders of record on Thursday, November 14th will be paid a dividend of $1.311 per share on Monday, December 2nd. This represents a $5.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Wednesday, November 13th. View Cummins' Dividend History.

Cummins declared that its board has approved a share buyback plan on Tuesday, October 9th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Cummins Inc. (NYSE:CMI) announced its earnings results on Tuesday, July, 30th. The company reported $4.27 EPS for the quarter, missing the Zacks' consensus estimate of $4.38 by $0.11. The business earned $6.22 billion during the quarter, compared to analysts' expectations of $6.36 billion. Cummins had a net margin of 10.74% and a return on equity of 29.75%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior 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 will be holding an earnings conference call on Tuesday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cummins issued an update on its FY 2019 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) 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.

17 Wall Street analysts have issued 1-year price targets for Cummins' stock. Their predictions range from $135.00 to $203.00. On average, they anticipate Cummins' share price to reach $165.89 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Price Targets for Cummins.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.

News coverage about CMI stock has been trending negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog 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 news sentiment score of -2.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Cummins.

Cummins saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,715,800 shares, an increase of 9.5% from the July 31st total of 3,394,200 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.4% of the company's stock 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), Briggs & Stratton (BGG), Power Solutions International (PSIX), 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), Walt Disney (DIS), General Electric (GE), Boeing (BA), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).

Cummins' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Hexavest Inc. (0.12%), Welch & Forbes LLC (0.04%), Crossmark Global Holdings Inc. (0.04%), State of Alaska Department of Revenue (0.04%), Manning & Napier Group LLC (0.04%) and Northstar Investment Advisors LLC (0.04%). 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 Legacy Private Trust Co., Verity & Verity LLC, Rockland Trust Co., First Financial Bank Trust Division, Intellectus Partners LLC, Gofen & Glossberg LLC IL, CX Institutional and Hennessy Advisors Inc.. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, Franklin R Changdiaz, 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 purchased by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Butensky & Cohen Financial Security Inc., State of Alaska Department of Revenue, Pacer Advisors Inc., Northstar Investment Advisors LLC, SevenBridge Financial Group LLC, Northwest Bancshares Inc. and Denali 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, Robinhood, Fidelity and Charles Schwab.

One share of CMI stock can currently be purchased for approximately $162.76.

Cummins has a market capitalization of $25.68 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]