Cummins (CMI) – Analysts’ Recent Ratings Changes

Cummins (NYSE: CMI) has recently received a number of price target changes and ratings updates:

• 5/26/2026 – Cummins had its price target raised by Raymond James Financial, Inc. from $675.00 to $745.00. They now have an “outperform” rating on the stock.
• 5/22/2026 – Cummins had its “market perform” rating reaffirmed by Sanford C. Bernstein.
• 5/11/2026 – Cummins had its “outperform” rating reaffirmed by Evercore Inc. They now have a $845.00 price target on the stock.
• 5/7/2026 – Cummins was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/6/2026 – Cummins was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 5/6/2026 – Cummins was given a new $815.00 price target by Truist Financial Corporation.
• 5/6/2026 – Cummins was given a new $700.00 price target by Robert W. Baird.
• 5/6/2026 – Cummins had its price target raised by Morgan Stanley from $675.00 to $752.00. They now have an “overweight” rating on the stock.
• 5/6/2026 – Cummins had its price target raised by Barclays PLC from $610.00 to $760.00. They now have an “overweight” rating on the stock.
• 5/6/2026 – Cummins had its price target raised by Citigroup Inc. from $710.00 to $770.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Cummins had its price target raised by JPMorgan Chase & Co. from $600.00 to $725.00. They now have a “neutral” rating on the stock.
• 5/6/2026 – Cummins had its price target raised by Wells Fargo & Company from $693.00 to $794.00. They now have an “overweight” rating on the stock.
• 4/20/2026 – Cummins had its price target raised by Truist Financial Corporation from $703.00 to $730.00. They now have a “buy” rating on the stock.
• 4/13/2026 – Cummins had its price target raised by Citigroup Inc. from $630.00 to $710.00. They now have a “buy” rating on the stock.
• 4/13/2026 – Cummins had its price target raised by Wells Fargo & Company from $630.00 to $693.00. They now have an “overweight” rating on the stock.
• 4/10/2026 – Cummins had its “buy (b)” rating reaffirmed by Weiss Ratings.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd will be paid a $2.00 dividend. The ex-dividend date is Friday, May 22nd. This represents a $8.00 dividend on an annualized basis and a yield of 1.2%. Cummins’s payout ratio is currently 41.52%.

Insider Buying and Selling

In other Cummins news, VP Amy Rochelle Davis sold 4,054 shares of Cummins stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $561.34, for a total value of $2,275,672.36. Following the transaction, the vice president directly owned 15,807 shares in the company, valued at approximately $8,873,101.38. The trade was a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Donald G. Jackson sold 730 shares of Cummins stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $710.92, for a total transaction of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares in the company, valued at approximately $5,912,010.72. This represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,633 shares of company stock valued at $11,653,357 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.