Cummins Inc. (NYSE:CMI) Receives $738.00 Average Price Target from Brokerages

Shares of Cummins Inc. (NYSE:CMI) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $740.0714.

CMI has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Evercore restated an “outperform” rating and issued a $845.00 target price on shares of Cummins in a report on Monday, May 11th. UBS Group reaffirmed a “buy” rating on shares of Cummins in a research report on Wednesday, June 17th. Finally, Raymond James Financial boosted their target price on shares of Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th.

Insider Activity at Cummins

In other news, VP Nathan R. Stoner sold 607 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $694.06, for a total transaction of $421,294.42. Following the completion of the sale, the vice president owned 9,447 shares of the company’s stock, valued at $6,556,784.82. This represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bonnie J. Fetch sold 652 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $700.19, for a total transaction of $456,523.88. Following the completion of the transaction, the executive vice president owned 11,679 shares in the company, valued at $8,177,519.01. This trade represents a 5.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,579 shares of company stock valued at $9,377,684 in the last 90 days. 0.30% of the stock is owned by company insiders.

Institutional Trading of Cummins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Wealth Partners LLC bought a new position in Cummins in the second quarter worth approximately $213,000. Tema ETFs LLC grew its position in shares of Cummins by 6.8% during the 2nd quarter. Tema ETFs LLC now owns 2,264 shares of the company’s stock valued at $1,615,000 after acquiring an additional 145 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Cummins in the 2nd quarter worth $205,000. Revolve Wealth Partners LLC purchased a new stake in shares of Cummins in the 2nd quarter worth $243,000. Finally, Wealthcare Capital Partners LLC bought a new position in Cummins in the 2nd quarter worth $323,000. 83.46% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Morgan Stanley boosted its price target on Cummins and kept an overweight rating, signaling confidence in further upside. Benzinga
• Neutral Sentiment: Zacks Research slightly raised its Q3 2027 EPS estimate for Cummins to $9.02 from $9.00, a small change that suggests stable longer-term expectations. Article
• Neutral Sentiment: Other Zacks revisions were mixed but generally small, with slight cuts to some FY2027/FY2028 estimates and a continued Hold rating, suggesting analysts are not seeing a major near-term change in fundamentals. Article

Cummins Trading Down 0.0%

Cummins stock opened at $647.67 on Monday. Cummins has a one year low of $344.02 and a one year high of $737.76. The business’s fifty day moving average is $677.02 and its 200 day moving average is $614.26. The stock has a market capitalization of $89.37 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11.

Cummins (NYSE:CMI) last issued its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.Cummins’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.96 EPS. On average, sell-side analysts predict that Cummins will post 29.35 EPS for the current year.

Cummins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be issued a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This is an increase from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. Cummins’s dividend payout ratio is presently 45.67%.

Cummins Company Profile

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.