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Are you looking to buy Cummins stocks? Chech our Reportlab with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy NYSE:CMI! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about Cummins stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, products worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company manufactures and markets 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 distributes parts, engines, and power generation products; and provides service solutions, such as engineering services, custom-designed assemblies, and repair services. The company offers emission solutions; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets, as well as provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications and remanufactures fuel systems. It also provides 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 provides electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. The company offers electric and hybrid powertrains related components including filtration, after treatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and hydrogen generation products. It 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.
Average volume
1.24 million shs
MARKET CAP
$35.08 billion
Stock exchange
NYSE
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Engines & turbines
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Auto/Tires/Trucks
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14,015 shs
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Below is a quick guide on how to buy NYSE:CMI stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy Cummins shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy Cummins – Search for “”NYSE:CMI”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought Cummins stocks with 0% commission!.
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23 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Cummins in the last year. There are currently 1 sell rating, 16 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” Cummins stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
Wall Street analysts have given Cummins a “Hold” rating, but there may be better short-term opportunities in the market. Some of Reportlab’s past winning trading ideas have resulted in 5-15% weekly gains. Reportlab just released five new trading ideas, but Cummins wasn’t one of them. Reportlab thinks five stocks may be even better buys in the how to buy stocks guide.
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It can be difficult to navigate through all the outdated and incorrect information related to purchasing NYSE:CMI stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy Cummins stocks with a step by step approach.
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy Cummins stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Now that you’ve funded your eToro account, just type “NYSE:CMI stocks” into the search bar at the top of the screen and press “trade”.
All that’s left is to buy some NYSE:CMI stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
All in all, NYSE:CMI is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy Cummins stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for Cummins.
Cummins Inc. (NYSE:CMI) announced its quarterly earnings data on Wednesday, February, 3rd. The company reported $3.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.62. The firm earned $5.83 billion during the quarter, compared to the consensus estimate of $5.18 billion. Cummins had a trailing twelve-month return on equity of 20.30% and a net margin of 8.12%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $2.56 EPS.
View Cummins’ earnings history.
Cummins’ stock was trading at $141.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMI shares have increased by 66.9% and is now trading at $235.41.
Cummins declared a quarterly dividend on Tuesday, October 13th. Shareholders of record on Friday, November 20th will be given a dividend of $1.35 per share on Thursday, December 3rd. This represents a $5.40 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, November 19th. This is an increase from Cummins’s previous quarterly dividend of $1.31.
View Cummins’ dividend history.
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying NYSE:CMI stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
Cummins pays an annual dividend of $5.40 per share and currently has a dividend yield of 2.35%. Cummins has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Cummins is 35.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cummins will have a dividend payout ratio of 39.65% next year. This indicates that Cummins will be able to sustain or increase its dividend.
View Cummins’ dividend history.
Cummins announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th 2019, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cummins updated its FY 2021 Pre-Market earnings guidance on Thursday, February, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $21.396-22.188 billion, compared to the consensus revenue estimate of $21.67 billion.
23 brokerages have issued 1-year price objectives for Cummins’ shares. Their forecasts range from $150.00 to $285.00. On average, they expect Cummins’ share price to reach $216.25 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
View analysts’ price targets for Cummins or view top-rated stocks among Wall Street analysts.
Cummins’ management team includes the following people:
Mr. N. Thomas Linebarger, Chairman & CEO (Age 58, Pay $9.41M)
Mr. Livingston L. Satterthwaite, Pres & COO (Age 60, Pay $2.18M)
Mr. Mark A. Smith, CFO & VP (Age 53, Pay $1.52M)
Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 58, Pay $2.13M)
Ms. Tracy A. Embree, VP & Pres of Distribution Bus. Segment (Age 47, Pay $2.07M)
Mr. Walter Jim Fier, VP & CTO (Age 56)
Ms. Sherry A. Aaholm, VP & Chief Information Officer (Age 58)
James Hopkins, Exec. Director of Investor Relations
Ms. Sharon R. Barner, VP, Gen. Counsel & Corp. Sec. (Age 63)
Mr. Mark J. Sifferlen, VP of Ethics & Compliance and Sec.
1,549 employees have rated Cummins CEO Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among Cummins’ employees.
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Some companies that are related to Cummins include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), The Toro (TTC), AGCO (AGCO), Oshkosh (OSK), Navistar International (NAV), Trinity Industries (TRN), Terex (TEX), Meritor (MTOR), Federal Signal (FSS), Alamo Group (ALG), Lindsay (LNN) and Astec Industries (ASTE).
View all of CMI’s competitors.
Based on aggregate information from Reportlab watchlists, some companies that other Cummins investors own include Johnson & Johnson (JNJ), Caterpillar (CAT), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T), Intel (INTC), Pfizer (PFE), The Home Depot (HD) and The Walt Disney (DIS).
Cummins trades on the New York Stock Exchange (NYSE) under the ticker symbol “CMI.”
Cummins’ stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.80%), Boston Partners (0.91%), Robeco Institutional Asset Management B.V. (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Beutel Goodman & Co Ltd. (0.38%) and Swiss National Bank (0.38%). Company insiders that own Cummins stock include Alexis M Herman, Mark J Osowick, Norman Thomas Linebarger, Srikanth Padmanabhan and Tony Satterthwaite.
View institutional ownership trends for Cummins.
CMI stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Beutel Goodman & Co Ltd., Ceredex Value Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Candriam Luxembourg S.C.A., Nisa Investment Advisors LLC, AJO LP, and NN Investment Partners Holdings N.V.. Company insiders that have sold Cummins company stock in the last year include Mark J Osowick, Norman Thomas Linebarger, and Tony Satterthwaite.
View insider buying and selling activity for Cummins or view top insider-selling stocks.
CMI stock was acquired by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., KAMES CAPITAL plc, BlackRock Inc., Robeco Institutional Asset Management B.V., First Trust Advisors LP, Fisher Asset Management LLC, Moody Lynn & Lieberson LLC, and Boston Common Asset Management LLC.
View insider buying and selling activity for Cummins or or view top insider-buying stocks.
At Reportlab.org we want to make sure that you have all the most relevant information about buying stocks. We bring you the best guides about the stock market with personal reviews, background information, platform reviews, how to’s and more. Want to get other information? Then check out the OTC stocks, NASDAQ stocks, NYSE stocks, LON stocks, FRA stocks, ETR stocks, EPA stocks, TSX stocks or Amex stocks. Looking for more detailed info like 5g stocks, biotech stocks, gold stocks and other information out of our reportlab.
How to buy Cummins stocks?
The safest and easiest way to buy NYSE:CMI stocks is by using a regulated broker like eToro or DEGiro. You can open an account with the platform, make a deposit and buy this stock in under 5 minutes from start to finish.
Opening an account with one of these brokers is a smart move, they have been active for more then 10 years, are very safe to use and they have the best platform for novice and experienced traders. If you want to learn more then we suggest you to read our eToro or DeGiro guides.
Where to buy Cummins stock?
You will first want to find a licensed broker that supports Cummins stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading NYSE:CMI stocks in a safe and complete environment.
Is NYSE:CMI stock a good investment?
As with any other asset, there is an element of risk associated with buying NYSE:CMI stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is Cummins stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with NYSE:CMI is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in Cummins stock.
How do you trade Cummins stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for Cummins stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on NYSE:CMI stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell Cummins stock?
To sell your NYSE:CMI stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best Cummins stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading NYSE:CMI stock.
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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