Cummins Inc. (CMI)
| Market Cap | 39.72B |
| Revenue (ttm) | 34.02B |
| Net Income (ttm) | 1.94B |
| Shares Out | 136.78M |
| EPS (ttm) | 13.63 |
| PE Ratio | 21.30 |
| Forward PE | 15.34 |
| Dividend | $7.28 (2.51%) |
| Ex-Dividend Date | Aug 23, 2024 |
| Volume | 436,680 |
| Open | 285.87 |
| Previous Close | 283.17 |
| Day's Range | 285.17 - 293.09 |
| 52-Week Range | 212.80 - 304.25 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 284.25 (-2.11%) |
| Earnings Date | Aug 1, 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]
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 StatementsAnalyst Forecast
According to 13 analysts, the average rating for CMI stock is "Buy." The 12-month stock price forecast is $284.25, which is a decrease of -2.11% from the latest price.
News
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 joi...
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 ...
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...
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 ...
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 dol...
Cummins, Inc. Long-Term Shareholder Announcement: Johnson Fistel, LLP Encourages Investors to Reach Out For More Information
SAN DIEGO, June 12, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Cummins Inc. (NYSE: CMI) against certain of its officers and directors to hold them resp...
Accelera by Cummins, Daimler Truck and PACCAR Complete Battery Joint Venture Transaction to Form Amplify Cell Technologies and Names New CEO
COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)-- #cummins--Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC ...
Cummins-Meritor Regional Brake Training Events Return in 2024
COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Cummins-Meritor®, a leading provider of integrated drivetrain solutions, today announced the return of their live, in-person aftermarket parts training sess...
Tony Satterthwaite Retiring After Distinguished Career at Cummins
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that Senior Vice President Tony Satterthwaite will retire, effective September 2024, after 36 years in leadership positions wi...
Accelera Launches Next-Gen Hydrogen and Electric Solutions for Commercial Vehicles
COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], has launched the next generation of several of its cutting-edge decar...
Andrew McDougall Named 2024 Louis Schwitzer Award Winner
INDIANAPOLIS--(BUSINESS WIRE)--Today at the Indianapolis Motor Speedway (IMS), Cummins Inc. (NYSE: CMI) and Valvoline Global Operations celebrate Andrew McDougall – who was honored with the 2024 Louis...
Cummins CEO: It's more challenging to electrify enterprise vehicle solutions
Morgan Brennan sits down with Cummins Chair & CEO Jennifer Rumsey to discuss the opportunity for Cummins in powering AI data centers, the transition of electrifying commercial vehicles and the country...
Cummins Raises Long-Term Financial Targets
COLUMBUS, Ind.--(BUSINESS WIRE)--At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), shared the Company's plans to raise its long-term financ...
Cummins Inc. Investor Alert Reminder (NYSE: CMI): Schubert Jonckheer & Kolbe LLP Investigating Potential Claims Against the Company's Officers and Directors Following $1.675 Billion Civil Penalty
SAN FRANCISCO , May 15, 2024 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP reminds Cummins Inc. investors that the firm is investigating potential legal claims arising from the company's role in an a...
Cummins Inc. Declares Quarterly Common Stock Dividend
COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on June 6, 2024, to shareho...
CORRECTING and REPLACING Accelera by Cummins and Isuzu to launch battery-electric F-series in North America
COLUMBUS, Ind.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: ACCELERA BY CUMMINS AND ISUZU TO LAUNCH BATTERY-E...
Accelera by Cummins and Isuzu will Collaborate on Battery Packs for Light Duty Vehicles
COLUMBUS, Ind.--(BUSINESS WIRE)--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), and Isuzu Commercial Truck of America, Inc. today announced plans to launch a ba...
Cummins and Isuzu Motors Limited Introduce New 6.7-Liter Engine for Japan, Southeast Asia and Other Global Markets
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited (hereinafter “Isuzu”), a leading global truck manufacturer headquartered in Japan, are launching a new 6.7-liter engi...
Mohr Logistics Park signs 1 million square foot lease with Cummins Inc.
The new Cummins lease further solidifies Mohr Logistics Park's status as a blue-chip industrial park WHITELAND, Ind. , May 9, 2024 /PRNewswire/ -- Mohr Capital has secured a lease for more than 1 mill...
Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe
COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], is collaborating with BMC Otomotiv, a leading manufacturer of buses a...
Cummins Reports First Quarter 2024 Results
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2024. “We continued to see strong demand from customers in the first quarter of 2024, reflecti...
Cummins Promotes Alison Trueblood to Vice President – Cummins Emissions Solutions
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) named Alison Trueblood Vice President – Cummins Emissions Solutions, effective May 1. “I am thrilled to have Ali in this role at this i...
Here are the AI industrial names powering Big Tech
CNBC's Seema Mody joins 'Power Lunch' with the latest on AI plays in the tech space.
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...
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.