Cummins
CMI

$290.38

2.24%

Market Cap: 39.7B

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

Industrials Engines & Turbines

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 12 analysts

0

News positive %

of 10 articles

Fund manager confidence

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

157% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 18 (+11) [Q1 2024]

21% more capital invested

Capital invested by funds: $28.4B [Q4 2023] → $34.3B (+$5.89B) [Q1 2024]

12.51% more ownership

Funds ownership: 69.52% [Q4 2023] → 82.03% (+12.51%) [Q1 2024]

1% less funds holding

Funds holding: 1,334 [Q4 2023] → 1,322 (-12) [Q1 2024]

7% less call options, than puts

Call options by funds: $413M | Put options by funds: $442M

8% less first-time investments, than exits

New positions opened: 145 | Existing positions closed: 157

25% less repeat investments, than reductions

Existing positions increased: 421 | Existing positions reduced: 560

See Fund Rankings

Research analyst outlook

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

Low target

$244

16%

downside

Avg. target

$300

3%

upside

High target

$321

11%

upside

12 analyst ratings

4 positive

33%

7 neutral

58%

1 negative

8%

Truist Securities Jamie Cook	8%upside $315	Hold Maintained	2 Jul 2024
Citigroup Kyle Menges	10%upside $320	Buy Initiated	26 Jun 2024
Truist Securities Jamie Cook	10%upside $319	Hold Maintained	15 May 2024
TD Cowen Matt Elkott	1%upside $292	Buy Maintained	10 May 2024
Truist Securities Jamie Cook	10%upside $319	Hold Maintained	3 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about CMI published over the past 30 days

Zacks Investment Research

Cummins (CMI) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Cummins (CMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cummins (CMI) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Cummins Joins SDVerse as a Premier Partner of its One-of-a-Kind Automotive Software Marketplace

DETROIT, July 24, 2024 (GLOBE NEWSWIRE) -- SDVerse , a marketplace for buyers and sellers of automotive software, on July 24th, 2024, announced that global power technology leader Cummins Inc. has joined the first-ever software marketplace, SDVerse, as Premier Partner. With this partnership, Cummins will gain access to innovative solutions, accelerating development with faster procurement, boosting efficiency, performance, and profitability in commercial mobility.

Cummins Joins SDVerse as a Premier Partner of its One-of-a-Kind Automotive Software Marketplace

Zacks Investment Research

Cummins (CMI) Secures $75M Grant to Transform Indiana Facility

Cummins (CMI) secures a $75 million grant to transform its Columbus Engine Plant into a facility for zero-emissions components and electric powertrain systems.

Cummins (CMI) Secures $75M Grant to Transform Indiana Facility

Accelera by Cummins Awarded $75 Million for Zero-Emissions Manufacturing from Department of Energy

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that the company has been awarded $75 million to convert approximately 360,000 sq. ft. of existing manufacturing space at its Columbus (Indiana) Engine Plant (CEP) for zero-emissions components and electric powertrain systems. The $75 million grant is the largest federal grant ever awarded solely to Cummins and is part of the appropriations related to the Inflation Reduction Act. Cummins will match the grant and invest $7.

Accelera by Cummins Awarded $75 Million for Zero-Emissions Manufacturing from Department of Energy

Zacks Investment Research

4 Stocks in Focus That Announced Dividend Hikes Recently

Cummins Inc. (CMI), The Kroger Co. (KR), Lindsay Corporation (LNN) and Matson, Inc. (MATX) recently hiked dividends.

4 Stocks in Focus That Announced Dividend Hikes Recently

Zacks Investment Research

Cummins (CMI) Hikes Dividend: Should You Invest in the Stock?

Cummins (CMI) increases its quarterly dividend by 8.3% to $1.82 per share, marking the 15th consecutive year of payout hike.

Cummins (CMI) Hikes Dividend: Should You Invest in the Stock?

Cummins Demonstrates How its Business and Sustainability Strategies Are Aligned, Effective in 2023-24 Sustainability Progress Report

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) has published its latest annual Sustainability Progress Report, announcing key advancements in the company's efforts to fulfill its mission of making people's lives better by powering a more prosperous world. “This report clearly illustrates how our business and environmental strategies are intentionally and intricately aligned – how we are innovating for our customers to power their success, positively impacting our communities and prot.

Cummins Demonstrates How its Business and Sustainability Strategies Are Aligned, Effective in 2023-24 Sustainability Progress Report

Biden officials tout grants to retool factories for EVs, including in swing states

The Biden administration has announced $1.7 billion in grants that aim to help convert closed or at-risk automobile facilities into plants that make electric vehicles or EV parts, with the effort due to aid 11 factories across eight states.

Biden officials tout grants to retool factories for EVs, including in swing states

8 Expected Dividend Increases In July 2024

We are expecting 8 dividend stocks to announce dividend increases in July 2024. 2 Dividend Kings and 1 Dividend Aristocrat are featured in this list. 1 dividend stock has a ~20% five-year average dividend growth rate!

8 Expected Dividend Increases In July 2024

Cummins Inc. Increases Quarterly Common Stock Dividend

COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly common stock cash dividend of approximately 8.3% from 1.68 dollars per share to 1.82 dollars per share. The dividend is payable on September 5, 2024, to shareholders of record on August 23, 2024. Cummins has increased the quarterly common stock dividend to shareholders for 15 consecutive years. About Cummins Inc. Cummins Inc., a global power solutions leader,.

Cummins Inc. Increases Quarterly Common Stock Dividend

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