Cummins (NYSE:CMI) Given New $525.00 Price Target at Citigroup

Cummins (NYSE:CMI) had its price objective lowered by Citigroup from $630.00 to $525.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently issued reports on CMI. Wall Street Zen downgraded Cummins from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. DA Davidson increased their price target on Cummins from $605.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings lowered shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Finally, Barclays dropped their price target on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $674.53.

Cummins Price Performance

Shares of CMI traded up $1.98 during trading hours on Friday, reaching $450.56. The stock had a trading volume of 2,167,833 shares, compared to its average volume of 1,134,200. Cummins has a 12 month low of $443.62 and a 12 month high of $737.76. The stock has a market capitalization of $62.02 billion, a PE ratio of 18.80, a PEG ratio of 1.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The company’s 50-day moving average is $526.45 and its two-hundred day moving average is $599.60.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Thursday, November 5th. The company reported $8.25 earnings per share for the quarter, topping analysts’ consensus estimates of $8.20 by $0.05. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.89 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%. Cummins’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.59 EPS. Research analysts expect that Cummins will post 29.98 EPS for the current year.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 20th. Cummins’s dividend payout ratio (DPR) is 44.97%.

Insider Activity

In other news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the sale, the vice president directly owned 4,479 shares of the company’s stock, valued at $2,562,973.38. The trade was a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cummins

Institutional investors have recently bought and sold shares of the stock. Persistent Asset Partners Ltd bought a new position in Cummins during the second quarter valued at about $26,000. Elevation Wealth Partners LLC raised its holdings in shares of Cummins by 91.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock worth $33,000 after purchasing an additional 22 shares during the period. Cedar Mountain Advisors LLC raised its holdings in shares of Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after purchasing an additional 45 shares during the period. Cornerstone Financial Management LLC lifted its stake in Cummins by 65.8% in the second quarter. Cornerstone Financial Management LLC now owns 63 shares of the company’s stock valued at $45,000 after purchasing an additional 25 shares during the last quarter. Finally, Balance Wealth Partners LLC bought a new stake in shares of Cummins in the third quarter valued at $32,000. Institutional investors own 83.46% of the company’s stock.

Key Headlines Impacting Cummins

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Third-quarter EPS of $8.25 edged past the $8.20 consensus, and revenue rose 13.5% year over year to $9.44 billion. The company also pointed to strong data-center demand, recovering shipments and capacity expansion as growth supports. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
• Neutral Sentiment: Citigroup, Truist Financial and Wells Fargo cut their price targets, but maintained buy or overweight ratings. Their revised targets still imply upside from the quoted share price, tempering—but not erasing—the signal from the reductions. Citigroup recommendations Truist Financial recommendations Wells Fargo recommendations
• Negative Sentiment: Cummins lowered its FY2026 revenue guidance to $37.0 billion, below the roughly $37.7 billion consensus, citing pickup-truck weakness. Third-quarter revenue also fell short of analyst expectations, raising concern that softer vehicle demand could offset strength in data-center-related business. Cummins Q3 profit more than doubles; cuts FY26 revenue outlook

Cummins Company Profile

Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.

The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.

Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.