Cummins (CMI) – Research Analysts’ Recent Ratings Updates

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

• 6/8/2026 – Cummins was upgraded by UBS Group AG from “neutral” to “buy”. They now have a $850.00 price target on the stock, up from $565.00.
• 6/1/2026 – Cummins had its price target raised by Argus from $696.00 to $770.00. They now have a “buy” rating on the stock.
• 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.

Cummins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 22nd. Cummins’s dividend payout ratio is presently 41.52%.

Insider Activity

In other Cummins news, VP Nathan R. Stoner sold 607 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $694.06, for a total value of $421,294.42. Following the transaction, the vice president directly owned 9,447 shares in the company, valued at $6,556,784.82. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brett Michael Merritt sold 701 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $688.75, for a total transaction of $482,813.75. Following the completion of the transaction, the insider owned 10,404 shares in the company, valued at $7,165,755. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,579 shares of company stock valued at $9,377,684. 0.30% of the stock is owned by corporate insiders.

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.