CMI stock icon

Cummins
CMI

$284.91
0.36%
 

About: Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

Employees: 75,500

0
Funds holding %
of 6,665 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 23 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

143% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 17 (+10) [Q1 2024]

21% more capital invested

Capital invested by funds: $28.4B [Q4 2023] → $34.2B (+$5.84B) [Q1 2024]

12.39% more ownership

Funds ownership: 69.52% [Q4 2023] → 81.91% (+12.39%) [Q1 2024]

3% less call options, than puts

Call options by funds: $370M | Put options by funds: $381M

2% less funds holding

Funds holding: 1,333 [Q4 2023] → 1,312 (-21) [Q1 2024]

13% less first-time investments, than exits

New positions opened: 143 | Existing positions closed: 164

24% less repeat investments, than reductions

Existing positions increased: 420 | Existing positions reduced: 553

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$225
21%
downside
Avg. target
$282
1%
downside
High target
$321
13%
upside

14 analyst ratings

positive
29%
neutral
50%
negative
21%
Truist Securities
Jamie Cook
12%upside
$319
Hold
Maintained
15 May 2024
TD Cowen
Matt Elkott
2%upside
$292
Buy
Maintained
10 May 2024
Truist Securities
Jamie Cook
12%upside
$319
Hold
Maintained
3 May 2024
Baird
David Leiker
4%upside
$295
Neutral
Maintained
3 May 2024
Goldman Sachs
Jerry Revich
7%upside
$306
Neutral
Maintained
16 Apr 2024

Financial journalist opinion

Based on 23 articles about CMI published over the past 30 days