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Cummins (CMI) Stock Price, News & Analysis

$293.21
-3.44 (-1.16%)
(As of 09/6/2024 ET)
Today's Range
$291.88
$300.09
50-Day Range
$266.70
$312.85
52-Week Range
$212.80
$322.83
Volume
608,819 shs
Average Volume
1.72 million shs
Market Capitalization
$40.11 billion
P/E Ratio
21.46
Dividend Yield
2.48%
Price Target
$299.55

Cummins MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
2.2% Upside
$299.55 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.58
Upright™ Environmental Score
News Sentiment
0.86mentions of Cummins in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$8.91 M Sold Last Quarter
Proj. Earnings Growth
12.21%
From $19.66 to $22.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.43 out of 5 stars

Auto/Tires/Trucks Sector

17th out of 80 stocks

Engines & Turbines Industry

2nd out of 5 stocks

CMI stock logo

About Cummins Stock (NYSE:CMI)

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 Accelera. 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 parts and services, as well as remanufactured parts and engines. It provides power generation systems, 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, and electric power generation systems, and batteries. It 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.

CMI Stock Price History

CMI Stock News Headlines

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Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Cummins Inc (CUM.HA)
Cummins Inc (CUM.DU)
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
Cummins Inc. (NYSE:CMI) SVP Sells $7,474,820.00 in Stock
Cummins Inc. stock rises Monday, outperforms market
Cummins Inc. stock rises Friday, outperforms market
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/5 Dividend
8/23/2024
Dividend Payable
9/05/2024
Today
9/07/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Engines & turbines
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
23102110
Employees
75,500
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$299.55
High Stock Price Target
$349.00
Low Stock Price Target
$225.00
Potential Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$735 million
Pretax Margin
8.33%

Debt

Sales & Book Value

Annual Sales
$34.17 billion
Cash Flow
$25.34 per share
Book Value
$77.17 per share

Miscellaneous

Free Float
136,014,000
Market Cap
$40.11 billion
Optionable
Optionable
Beta
0.99

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Should I Buy Cummins Stock? CMI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Cummins Inc.:

  • Cummins Inc. has shown consistent growth in revenue and profitability over the past year, indicating a strong financial performance.
  • The company has a diversified product portfolio, including engines, power generation systems, and filtration solutions, reducing its dependency on any single market segment.
  • Cummins Inc. has a strong focus on innovation and sustainability, with investments in electric and hydrogen fuel cell technologies, positioning it well for future growth in the clean energy sector.
  • Recent developments in the company's supply chain management have improved efficiency and reduced costs, leading to higher margins and profitability.
  • The current stock price of Cummins Inc. is undervalued compared to its peers in the industry, presenting a potential buying opportunity for investors.

Cons

Investors should be bearish about investing in Cummins Inc. for these reasons:

  • Despite recent improvements, Cummins Inc. faces risks related to global economic uncertainties and geopolitical tensions that could impact its operations and financial performance.
  • The company operates in a highly competitive industry with significant pricing pressures, which could affect its ability to maintain profit margins in the long term.
  • Cummins Inc. has exposure to fluctuations in commodity prices, particularly in raw materials like steel and aluminum, which could impact its production costs and profitability.
  • Market demand for Cummins Inc.'s products is sensitive to economic cycles, making the company vulnerable to downturns in key markets such as construction, mining, and transportation.
  • Investors should consider the potential impact of regulatory changes and environmental policies on Cummins Inc.'s operations, especially in relation to emissions standards and sustainability requirements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

CMI Stock Analysis - Frequently Asked Questions

How have CMI shares performed this year?

Cummins' stock was trading at $239.57 on January 1st, 2024. Since then, CMI shares have increased by 22.4% and is now trading at $293.21.
View the best growth stocks for 2024 here
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) released its earnings results on Thursday, August, 1st. The company reported $5.26 earnings per share for the quarter, topping analysts' consensus estimates of $4.85 by $0.41. The business's revenue was up 2.3% on a year-over-year basis.
Read the conference call transcript
.

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

1,549 employees have rated Cummins Chief Executive Officer Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among the company's employees.

Does Cummins have any subsidiaries?

Cummins subsidiaries include these companies: Meritor, Jacobs Vehicle Systems, Hydrogenics, Efficient Drivetrains, Brammo, Hilite International, Nelson Industries, and others.

Who are Cummins' major shareholders?

Top institutional investors of Cummins include First Eagle Investment Management LLC (1.46%), Dimensional Fund Advisors LP (1.24%), Legal & General Group Plc (1.24%) and LSV Asset Management (0.92%). Insiders that own company stock include Norman Thomas Linebarger, Tony Satterthwaite, Srikanth Padmanabhan, Georgia R Nelson, Sharon R Barner, Tracy A Embree, Mark Andrew Smith, Walter J Fier, Leo Allen Bruno V Di, Franklin R Changdiaz, Jennifer Rumsey, Marvin Boakye, Jeffrey T Wiltrout, Daniel William Fisher, Jill E Cook, Christopher C Clulow and Melina M Kennedy.
View institutional ownership trends
.

How do I buy shares of Cummins?

Shares of CMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cummins own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cummins investors own include Johnson & Johnson (JNJ), Caterpillar (CAT), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T) and Intel (INTC).

This page (NYSE:CMI) was last updated on 9/7/2024 by MarketBeat.com Staff

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