Cummins (NYSE:CMI – Free Report) had its price objective lowered by Truist Financial from $779.00 to $637.00 in a research report sent to investors on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.
Several other research analysts have also recently commented on the company. Citigroup reduced their target price on Cummins from $790.00 to $630.00 and set a “buy” rating for the company in a research report on Monday, October 12th. CICC Research started coverage on shares of Cummins in a report on Sunday, August 23rd. They issued an “outperform” rating and a $781.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Cummins from $608.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Finally, DA Davidson upped their target price on shares of Cummins from $605.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $674.53.
View Our Latest Research Report on Cummins
Cummins Stock Performance
CMI stock traded up $1.98 during trading on Friday, reaching $450.56. 2,167,833 shares of the stock were exchanged, compared to its average volume of 1,134,200. Cummins has a twelve month low of $443.62 and a twelve month high of $737.76. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $62.02 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26. The stock has a 50 day simple moving average of $526.45 and a 200-day simple moving average of $599.60.
Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $8.25 EPS for the quarter, beating the consensus estimate of $8.20 by $0.05. Cummins had a return on equity of 25.29% and a net margin of 7.82%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the firm posted $5.59 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cummins will post 29.98 earnings per share for the current year.
Cummins Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, November 20th. Cummins’s dividend payout ratio (DPR) is presently 44.97%.
Insider Buying and Selling
In other Cummins news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the sale, the vice president directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. The trade was a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Cummins
A number of institutional investors and hedge funds have recently modified their holdings of CMI. Wellington Management Group LLP grew its position in shares of Cummins by 243.5% during the 2nd quarter. Wellington Management Group LLP now owns 495,047 shares of the company’s stock worth $353,072,000 after buying an additional 350,910 shares during the period. Fulcrum Wealth Advisors LLC raised its position in shares of Cummins by 611.8% in the 3rd quarter. Fulcrum Wealth Advisors LLC now owns 16,264 shares of the company’s stock valued at $8,401,000 after acquiring an additional 13,979 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Cummins by 45.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 14,571 shares of the company’s stock valued at $6,981,000 after acquiring an additional 4,538 shares during the period. CWS Financial Advisors LLC raised its position in shares of Cummins by 973.2% in the 3rd quarter. CWS Financial Advisors LLC now owns 4,733 shares of the company’s stock valued at $2,445,000 after acquiring an additional 4,292 shares during the period. Finally, Legacy Private Trust Co. boosted its stake in Cummins by 1,264.1% during the 3rd quarter. Legacy Private Trust Co. now owns 12,222 shares of the company’s stock worth $6,314,000 after acquiring an additional 11,326 shares during the last quarter. 83.46% of the stock is owned by institutional investors.
Trending Headlines about Cummins
Here are the key news stories impacting Cummins this week:
- Positive Sentiment: Third-quarter EPS of $8.25 edged past the $8.20 consensus, and revenue rose 13.5% year over year to $9.44 billion. The company also pointed to strong data-center demand, recovering shipments and capacity expansion as growth supports. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
- Neutral Sentiment: Citigroup, Truist Financial and Wells Fargo cut their price targets, but maintained buy or overweight ratings. Their revised targets still imply upside from the quoted share price, tempering—but not erasing—the signal from the reductions. Citigroup recommendations Truist Financial recommendations Wells Fargo recommendations
- Negative Sentiment: Cummins lowered its FY2026 revenue guidance to $37.0 billion, below the roughly $37.7 billion consensus, citing pickup-truck weakness. Third-quarter revenue also fell short of analyst expectations, raising concern that softer vehicle demand could offset strength in data-center-related business. Cummins Q3 profit more than doubles; cuts FY26 revenue outlook
About Cummins
Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.
The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.
Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.
Recommended Stories
- Five stocks we like better than Cummins
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Cummins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cummins and related companies with MarketBeat.com's FREE daily email newsletter.
