How much of Cummins'stock is owned by insiders?
In the past three months, Cummins insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,338,882.00 in company stock. Only 1.00% of the stock of Cummins is held by insiders. 80.17% of the stock of Cummins is held by institutions.
What is the target price for Cummins?
Their forecasts range from $230.00 to $325.00. On average, they anticipate Cummins' stock price to reach $283.00 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price. View analysts' price targets for Cummins or view top-rated stocks among Wall Street analysts. Who are Cummins' key executives?
Does Cummins stock pay dividends?
Cummins declared a quarterly dividend on Tuesday, February 8th. Shareholders of record on Friday, February 18th will be paid a dividend of $1.45 per share on Thursday, March 3rd. This represents a $5.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, February 17th. View Cummins' dividend history.
Is there an upside for Cummins stock?
According to analysts' consensus price target of $283.00, Cummins has a forecasted upside of 27.1% from its current price of $222.60. Cummins has only been the subject of 3 research reports in the past 90 days. Cummins has received 759 “outperform” votes.
Who owns the most Cummins stock?
The Vanguard Group, Inc.Top 10 Owners of Cummins IncStockholderStakeShares ownedThe Vanguard Group, Inc.8.73%12,311,431BlackRock Fund Advisors5.40%7,612,316SSgA Funds Management, Inc.4.70%6,635,306T. Rowe Price Associates, Inc. (I...2.17%3,065,1596 more rows
Is Cummins undervalued?
Cummins shows a prevailing Real Value of $238.08 per share. The current price of the firm is $195.02. At this time, the firm appears to be undervalued....1.02.LowIncome Per ShareHigh0.430.440.44
Is Cummings a good stock to buy?
To conclude, Cummins is a good long-term holding within a diversified dividend stock portfolio. Representing quality stock for dividend investment purposes. Especially on price pullbacks from current levels.
How much cash is Cummins?
Cummins cash on hand for 2021 was $3.187B, a 17.48% decline from 2020. Cummins cash on hand for 2020 was $3.862B, a 162.72% increase from 2019. Cummins cash on hand for 2019 was $1.47B, a 3.61% decline from 2018.
Is Cummins a buy or sell?
Cummins has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Is Cummins a cyclical stock?
Right now, the stock is down close to 23% year-on-year with a dividend yield closing in on 3%. Given economic cycles and Cummins' cyclical stock price on top of the company's ability to generate shareholder value, I'm extremely happy to see that the valuation has come down.
When did Cummins stock split?
Cummins (CMI) has 2 splits in our Cummins stock split history database. The first split for CMI took place on April 10, 2007....CMI Split History TableDateRatio01/03/20082 for 11 more row
How can I buy Cummins stock?
How to buy shares in CumminsCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Why is Cummins stock dropping?
Cummins stock falls after profit missed expectations while sales beat, and full-year growth outlook lowered.
Is Cummins a big company?
Cummins is the largest independent producer of diesel engines and diverse power solutions in the world. The 2019 Fortune 500 is Fortune's 65th yearly list of the 500 largest U.S. companies ranked by total revenues using the most recent publicly available revenue data for both public and private companies.
How much does Cummins make a year?
How much does a Cummins Power Generation make? As of Jun 22, 2022, the average annual pay for a Cummins Power Generation in the United States is $72,834 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.02 an hour. This is the equivalent of $1,401/week or $6,070/month.
How many engines does Cummins make per year?
Since building their first engine in 1981, production in recent years typically exceeds 100,000 engines annually.
Should I buy or sell Cummins stock right now?
9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 4 hold rat...
What is Cummins' stock price forecast for 2022?
9 Wall Street analysts have issued 12-month price objectives for Cummins' stock. Their forecasts range from $214.00 to $299.00. On average, they pr...
How has Cummins' stock performed in 2022?
Cummins' stock was trading at $218.14 at the start of the year. Since then, CMI shares have decreased by 5.8% and is now trading at $205.50. View...
Are investors shorting Cummins?
Cummins saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,140,000 shares, a drop of 15....
When is Cummins' next earnings date?
Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Cummins .
How were Cummins' earnings last quarter?
Cummins Inc. (NYSE:CMI) released its quarterly earnings data on Tuesday, May, 3rd. The company reported $4.04 earnings per share (EPS) for the quar...
How often does Cummins pay dividends? What is the dividend yield for Cummins?
Cummins announced a quarterly dividend on Tuesday, May 10th. Investors of record on Friday, May 20th will be given a dividend of $1.45 per share on...
Is Cummins a good dividend stock?
Cummins(NYSE:CMI) pays an annual dividend of $5.80 per share and currently has a dividend yield of 2.74%. Cummins has been increasing its dividend...
How will Cummins' stock buyback program work?
Cummins declared that its board has initiated a share repurchase program on Tuesday, December 14th 2021, which permits the company to repurchase $2...
How much does Cummins pay dividends?
What is Cummins engine?
Cummins pays an annual dividend of $5.40 per share and currently has a dividend yield of 2.27%. Cummins has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Cummins is 44.33%.
Where is Cummins located?
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 New Power. 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 new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, and electric power generation systems. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
What is Cummins engine?
in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana. Read More.
Who is Holly Cummins?
The Engine segment manufactures and markets diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets.
Is Cummins a fully valued company?
Working to try and anticipate what comes next, how to harness current programming methodologies and build software for tomorrow and the day after is Dr Holly Cummins in her role as worldwide development community practice lead for the IBM Garage.
CMI Stock Overview
After rising over 130% from its March 2020 lows, and now trading at close to all-time highs of about $244 per share, Cummins a company that sells engines used in trucks, as well as filtration, and power generation products appears to be fully valued. In comparison, the broader S&P 500 has rallied..
Valuation
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide.
Future Growth
Is Cummins undervalued compared to its fair value and its price relative to the market?
Dividend
How is Cummins forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Management
What is Cummins's current dividend yield, its reliability and sustainability?
Ownership
How experienced are the management team and are they aligned to shareholders interests?
Cummins: A Proud Dividend History With Prospects For Good Dividend Growth
Who are the major shareholders and have insiders been buying or selling?
IS CUMMINS STOCK A GOOD BUY?
Let’s hit the road with my favorite engine maker and work through a Cummins stock analysis and Cummins dividend review.
WHAT INDUSTRY DOES CUMMINS OPERATING IN?
First of all, there is no question that Cummins’ business can be negatively impacted by a recession. And Cummins’ stock looks fully valued to me as of the time of this update.
CUMMINS BUSINESS SEGMENTS
Cummins operates in the heavy equipment and automotive industry. They design, manufacture, sell, and service the following:
CUMMINS STOCK SYMBOL
The company is organized into distinct but complementary business segments.
CUMMINS DIVIDEND YIELD
Finally, Cummins stock trades on the New York Stock Exchange. It operates using the stock symbol CMI (NYSE: CMI).
HOW OFTEN DOES CUMMINS PAY DIVIDENDS?
Based on the recent stock price, the recurring dividend payouts put the Cummins stock dividend yield at about 2.5%.
How Is ROE Calculated?
The CMI dividend is paid every 3 months or 4 times per year. Each quarterly dividend payment is one-fourth of the annual dividend rate.
What Has ROE Got To Do With Earnings Growth?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
Is Cummins Efficiently Re-investing Its Profits?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits.
Summary
Cummins has a three-year median payout ratio of 36%, which implies that it retains the remaining 64% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
What happened
In total, we are pretty happy with Cummins' performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings.
So what
Shares of engine maker Cummins ( CMI -3.86% ) fell 10% in March, according to data from S&P Global Market Intelligence. However, that isn't the full picture, as the stock was actually down as much as 30% at one point during the month, which included both the official start of a bear market and the return of a bull just a few days later.
NYSE: CMI
It should be pretty obvious to everyone that COVID-19 is the big story. As the virus spread from China to the rest of the world, countries began to lock down in an effort to slow the disease. Social distancing is the fancy word for it, but the real impact is that life as usual stopped.
Now what
Simply put, if there is a global recession Cummins stock is likely to get hit again. And the drop will probably be worse than that of the broader market. The engine maker's business is cyclical, and that's just how history shows things work.
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None of this is meant to suggest that Cummins is either a good or bad company -- only that COVID-19 is having a material impact on the global economy and it's not a good one. Demand for Cummins' engines tends to go up and down with economic activity, so the company's future looks, at best, uncertain right now.
