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NYSE:CMI

Cummins (CMI) Stock Price, News & Analysis

Cummins logo
$360.95 -0.91 (-0.25%)
(As of 11/20/2024 ET)

About Cummins Stock (NYSE:CMI)

Key Stats

Today's Range
$357.73
$363.06
50-Day Range
$297.42
$366.34
52-Week Range
$220.02
$370.21
Volume
481,409 shs
Average Volume
1.47 million shs
Market Capitalization
$49.52 billion
P/E Ratio
23.84
Dividend Yield
2.02%
Price Target
$337.67
Consensus Rating
Hold

Company Overview

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.

Cummins Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

CMI MarketRank™: 

Cummins scored higher than 92% of companies evaluated by MarketBeat, and ranked 15th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cummins has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 5 buy ratings, 6 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Cummins has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Cummins' stock forecast and price target.
  • Earnings Growth

    Earnings for Cummins are expected to grow by 7.44% in the coming year, from $20.57 to $22.10 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cummins is 23.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cummins is 23.84, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.75.

  • Price to Earnings Growth Ratio

    Cummins has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Cummins has a P/B Ratio of 5.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Cummins' valuation and earnings.
  • Percentage of Shares Shorted

    1.25% of the float of Cummins has been sold short.
  • Short Interest Ratio / Days to Cover

    Cummins has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cummins has recently decreased by 21.76%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Cummins pays a meaningful dividend of 2.01%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Cummins has been increasing its dividend for 19 years.

  • Dividend Coverage

    The dividend payout ratio of Cummins is 48.08%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Cummins will have a dividend payout ratio of 32.94% next year. This indicates that Cummins will be able to sustain or increase its dividend.

  • Read more about Cummins' dividend.
  • Percentage of Shares Shorted

    1.25% of the float of Cummins has been sold short.
  • Short Interest Ratio / Days to Cover

    Cummins has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cummins has recently decreased by 21.76%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Cummins has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 34 news articles for Cummins this week, compared to 16 articles on an average week.
  • Search Interest

    Only 12 people have searched for CMI on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Cummins to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cummins insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,033,945.00 in company stock.

  • Percentage Held by Insiders

    Only 0.56% of the stock of Cummins is held by insiders.

  • Percentage Held by Institutions

    83.46% of the stock of Cummins is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cummins' insider trading history.
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CMI Stock News Headlines

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CMI Stock Analysis - Frequently Asked Questions

Cummins' stock was trading at $239.57 at the beginning of the year. Since then, CMI shares have increased by 50.7% and is now trading at $360.95.
View the best growth stocks for 2024 here
.

Cummins Inc. (NYSE:CMI) posted its quarterly earnings results on Tuesday, November, 5th. The company reported $5.86 earnings per share for the quarter, topping analysts' consensus estimates of $4.89 by $0.97. Cummins's revenue for the quarter was up .3% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Cummins: Meritor, Jacobs Vehicle Systems, Hydrogenics, Efficient Drivetrains, Brammo, Hilite International, Nelson Industries, and others.

Cummins' top institutional shareholders include State Street Corp (4.59%), Geode Capital Management LLC (2.40%), Fisher Asset Management LLC (2.19%) and Pathway Financial Advisers LLC (1.85%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cummins investors own include Broadcom (AVGO), Humana (HUM), Chevron (CVX), American Water Works (AWK), Verizon Communications (VZ), BlackRock (BLK) and NVIDIA (NVDA).

Company Calendar

Ex-Dividend for 9/5 Dividend
8/23/2024
Dividend Payable
9/05/2024
Last Earnings
11/05/2024
Today
11/20/2024
Ex-Dividend for 12/5 Dividend
11/22/2024
Dividend Payable
12/05/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

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
$337.67
High Stock Price Target
$415.00
Low Stock Price Target
$225.00
Potential Upside/Downside
-6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$735 million
Pretax Margin
8.80%

Debt

Sales & Book Value

Annual Sales
$34.07 billion
Cash Flow
$26.98 per share
Book Value
$69.87 per share

Miscellaneous

Free Float
136,414,000
Market Cap
$49.52 billion
Optionable
Optionable
Beta
0.97

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This page (NYSE:CMI) was last updated on 11/21/2024 by MarketBeat.com Staff
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