Cummins Inc. (CMI)

NYSE: CMI · IEX Real-Time Price · USD
291.36
-3.22 (-1.09%)
At close: Apr 17, 2024, 4:00 PM
291.86
+0.50 (0.17%)
Pre-market: Apr 18, 2024, 7:14 AM EDT
-1.09%
Market Cap 41.33B
Revenue (ttm) 34.07B
Net Income (ttm) 735.00M
Shares Out 141.86M
EPS (ttm) 5.15
PE Ratio 56.57
Forward PE 15.74
Dividend $6.72 (2.31%)
Ex-Dividend Date Feb 22, 2024
Volume 757,537
Open 296.79
Previous Close 294.58
Day's Range 289.25 - 297.48
52-Week Range 203.18 - 304.25
Beta 1.04
Analysts Hold
Price Target 271.92 (-6.67%)
Earnings Date May 2, 2024

About CMI

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 a... [Read more]

Sector Industrials
Founded 1919
Employees 75,500
Stock Exchange NYSE
Ticker Symbol CMI
Full Company Profile

Financial Performance

In 2023, Cummins's revenue was $34.07 billion, an increase of 21.34% compared to the previous year's $28.07 billion. Earnings were $735.00 million, a decrease of -65.83%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for CMI stock is "Hold." The 12-month stock price forecast is $271.92, which is a decrease of -6.67% from the latest price.

Price Target
$271.92
(-6.67% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Cummins stock price forecast: firing on all cylinders

Cummins (NYSE: CMI) stock price has silently surged to a record high, joining other industrial giants like Emerson Electric, Rolls-Royce, and Illinois Tool Works. It has jumped for three straight week...

19 days ago - Invezz

The EPA Wants Greener Trucks. Why That's Fine for Diesel Engine Giant Cummins.

It makes diesel engines but it also invests in practically everything else.

19 days ago - Barrons

Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final results of its previously announced offer to its shareholders to exchange their shares of Cu...

Other symbols: ATMU
4 weeks ago - Business Wire

Small Investors Could Have Made $5,000 on Cummins Exchange for Atmus Stock

The split-off represented a rare opportunity for small investors to get more lucrative terms than big investors.

4 weeks ago - Barrons

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Cummins Inc. (CMI)

LOS ANGELES , March 14, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz reminds investors of the upcoming  March 15, 2024 deadline to file a lead plaintiff motion in the class action filed on be...

4 weeks ago - PRNewsWire

Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that, based on preliminary results, its previously announced offer to its shareholders to exchange their shares o...

Other symbols: ATMU
4 weeks ago - Business Wire

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Cummins Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cummins Inc. ("Cummins" or "the ...

5 weeks ago - Accesswire

Cummins Inc. Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Cummins Inc. of Deadline in Securities Fraud Class Action Lawsuit

RADNOR, Pa. , March 13, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Cummins ...

5 weeks ago - PRNewsWire

Accelera fuel cells power locomotive in Austrian project HY2RAIL

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has reached a significant milestone by successfully commissioning its...

5 weeks ago - Business Wire

Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final exchange ratio for its previously announced split-off exchange offer to Cummins shareholders to exchang...

Other symbols: ATMU
5 weeks ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Cummins Inc. - CMI

NEW YORK , March 11, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Cummins Inc. ("Cummins" or the "Company") (NYSE: CMI). Such investors are advised t...

5 weeks ago - PRNewsWire

FINAL DEADLINE IMMINENT: The Schall Law Firm Encourages Investors in Cummins Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cummins Inc. ("Cummins" or "the C...

5 weeks ago - Accesswire

CUMMINS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Cummins Inc. - CMI

NEW ORLEANS , March 8, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 15, 2024 to file lead plaintiff applications in a securiti...

5 weeks ago - PRNewsWire

CMI Investors Have Opportunity to Lead Cummins Inc. Securities Fraud Lawsuit

LOS ANGELES , March 8, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit agai...

5 weeks ago - PRNewsWire

Cummins CEO on driving EV adoption: You need incentives and the right regulatory framework

Jennifer Rumsey, Cummins CEO and Business Roundtable energy & environment committee chair, joins 'Squawk Box' to discuss the state of the economy, SEC's climate change disclosure rules, the company's ...

5 weeks ago - CNBC Television

MARCH 15 DEADLINE: The Schall Law Firm Encourages Investors in Cummins Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cummins Inc. ("Cummins" or "the C...

6 weeks ago - Accesswire

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Against Cummins Inc. (CMI) and Urges CMI Investors with Substantial Losses to Contact the Firm

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Cummins I...

6 weeks ago - Business Wire

CMI Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Cummins Inc. (CMI) of Deadline in Securities Fraud Class Action Lawsuit

RADNOR, Pa. , March 3, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Cummins I...

6 weeks ago - PRNewsWire

CUMMINS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Cummins Inc. - CMI

NEW ORLEANS , March 1, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 15, ...

6 weeks ago - PRNewsWire

Cummins announces innovative next generation X15 diesel engine, part of Cummins HELM™ 15-liter fuel agnostic platform, launching in North America to meet aligned 2027 regulations

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Today, Cummins Inc. (NYSE: CMI) announced it will launch its most efficient heavy-duty diesel engine ever. As the next product in the Cummins HELM™ 15-liter...

6 weeks ago - Business Wire

Kirby McInerney LLP Reminds Cummins, Inc. (CMI) Investors of Class Action Filing and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)---- $CMI #ClassActionLawsuit--The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central Dist...

7 weeks ago - Business Wire

Attention CMI Shareholders: Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Lawsuit Filed against Cummins Inc. (CMI) and Encourages Investors to Contact the Firm

RADNOR, Pa. , Feb. 24, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Cummins In...

7 weeks ago - PRNewsWire

CUMMINS SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Cummins Inc. - CMI

NEW ORLEANS , Feb. 23, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 15, 2024 to file lead plaintiff applications in a securiti...

7 weeks ago - PRNewsWire

ROSEN, A LEADING NATIONAL FIRM, Encourages Cummins Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMI

NEW YORK , Feb. 23, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21...

7 weeks ago - PRNewsWire

Cummins promotes five new leaders to vice president

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewu...

7 weeks ago - Business Wire