CumminsCMI
About: Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of world. Much of Cummins' foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins' business model is unique as it competes with many of its heavy-duty truck manufacturer customers, who also make their own engines.
Employees: 69,600
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
34% more call options, than puts
Call options by funds: $204M | Put options by funds: $152M
26% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 133
16% more repeat investments, than reductions
Existing positions increased: 601 | Existing positions reduced: 519
0% more funds holding
Funds holding: 1,524 [Q4 2024] → 1,525 (+1) [Q1 2025]
1.01% less ownership
Funds ownership: 84.58% [Q4 2024] → 83.57% (-1.01%) [Q1 2025]
12% less capital invested
Capital invested by funds: $40.9B [Q4 2024] → $36B (-$4.96B) [Q1 2025]
35% less funds holding in top 10
Funds holding in top 10: 23 [Q4 2024] → 15 (-8) [Q1 2025]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Goldman Sachs Jerry Revich | 35%upside $431 | Buy Upgraded | 27 May 2025 |
Evercore ISI Group David Raso | 31%upside $419 | Outperform Maintained | 19 May 2025 |
Citigroup Kyle Menges | 10%upside $350 | Buy Maintained | 12 May 2025 |
Morgan Stanley Angel Castillo | 10%upside $350 | Overweight Maintained | 6 May 2025 |
JP Morgan Tami Zakaria | 0%upside $320 | Neutral Maintained | 6 May 2025 |
Financial journalist opinion
Based on 20 articles about CMI published over the past 30 days









