Cummins
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 the 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, which also make their own engines.
Employees: 69,600
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
27% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 19 (+4) [Q2]
17% more first-time investments, than exits
New positions opened: 121 | Existing positions closed: 103
13% more repeat investments, than reductions
Existing positions increased: 616 | Existing positions reduced: 546
6% more capital invested
Capital invested by funds: $36B [Q1] → $38.1B (+$2.04B) [Q2]
0.71% more ownership
Funds ownership: 83.67% [Q1] → 84.38% (+0.71%) [Q2]
1% less call options, than puts
Call options by funds: $112M | Put options by funds: $114M
1% less funds holding
Funds holding: 1,542 [Q1] → 1,523 (-19) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Truist Securities Jamie Cook | 4%downside $380 | Hold Maintained | 7 Aug 2025 |
Citigroup Kyle Menges | 7%upside $425 | Buy Maintained | 6 Aug 2025 |
Barclays Adam Seiden | 2%downside $387 | Equal-Weight Maintained | 21 Jul 2025 |
Baird David Leiker | 10%downside $355 | Neutral Maintained | 11 Jul 2025 |
Goldman Sachs Jerry Revich | 9%upside $431 | Buy Upgraded | 27 May 2025 |
Financial journalist opinion
Based on 14 articles about CMI published over the past 30 days
