Cummins (NYSE:CMI) Price Target Raised to $693.00

16 Apr 2026, 02:42 by Teresa Graham · The Cerbat Gem

Cummins (NYSE:CMI – Free Report) had its price objective hoisted by Wells Fargo & Company from $630.00 to $693.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also issued reports on the stock. Barclays upped their price target on shares of Cummins from $546.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Truist Financial restated a “buy” rating and set a $703.00 price objective (up from $653.00) on shares of Cummins in a research note on Friday, February 6th. Wolfe Research cut shares of Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 target price on the stock. in a report on Monday, January 26th. Wall Street Zen downgraded shares of Cummins from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $675.00 price target on shares of Cummins in a report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $598.47.

View Our Latest Stock Analysis on Cummins

Cummins Stock Down 2.2%

CMI stock opened at $601.80 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $568.95 and a two-hundred day moving average price of $520.24. The company has a market cap of $83.14 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.95 and a beta of 1.14. Cummins has a twelve month low of $269.24 and a twelve month high of $620.78.

Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $0.64. The company had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. Analysts anticipate that Cummins will post 22.54 EPS for the current fiscal year.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 20th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, February 20th. Cummins’s payout ratio is currently 38.99%.

Insider Buying and Selling

In related news, Director William I. Miller sold 18,107 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total value of $10,811,689.70. Following the transaction, the director owned 34,243 shares in the company, valued at approximately $20,446,495.30. This represents a 34.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy Rochelle Davis sold 4,054 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $561.34, for a total transaction of $2,275,672.36. Following the sale, the vice president owned 15,807 shares of the company’s stock, valued at $8,873,101.38. This trade represents a 20.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,195 shares of company stock valued at $18,397,489. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cummins

A number of large investors have recently made changes to their positions in CMI. Brighton Jones LLC boosted its stake in Cummins by 4.1% in the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock valued at $736,000 after purchasing an additional 83 shares during the period. Intech Investment Management LLC increased its position in Cummins by 40.8% during the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock worth $1,240,000 after buying an additional 1,146 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Cummins by 2.8% during the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock worth $21,055,000 after buying an additional 1,759 shares in the last quarter. ICW Investment Advisors LLC acquired a new stake in shares of Cummins during the second quarter worth $225,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cummins in the second quarter valued at about $31,000. Institutional investors own 83.46% of the company’s stock.

About Cummins

(Get Free Report)

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.