Cummins Inc (NYSE: CMI) is 58.02% higher on its value in year-to-date trading and has touched a low of $226.52 and a high of $379.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMI stock was last observed hovering at around $378.33 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $378.57, the stock is 2.96% and 9.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.06% at the moment leaves the stock 25.18% off its SMA200. CMI registered 65.55% gain for a year compared to 6-month gain of 38.05%. The firm has a 50-day simple moving average (SMA 50) of $345.2326 and a 200-day simple moving average (SMA200) of $301.84995.
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The stock witnessed a 6.80% loss in the last 1 month and extending the period to 3 months gives it a 29.11%, and is 2.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.56% over the week and 1.79% over the month.
Cummins Inc (CMI) has around 75500 employees, a market worth around $51.93B and $34.19B in sales. Current P/E ratio is 25.13 and Fwd P/E is 17.11. Profit margin for the company is 6.13%. Distance from 52-week low is 67.12% and -0.29% from its 52-week high. The company has generated returns on investments over the last 12 months (13.47%).
The EPS is expected to grow by 3.92% this year
1877.0 institutions hold shares in Cummins Inc (CMI), with institutional investors hold 87.31% of the company’s shares. The shares outstanding are 137.10M, and float is at 134.96M with Short Float at 1.19%. Institutions hold 86.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.7 million shares valued at $4.62 billion. The investor’s holdings represent 11.8184 of the CMI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.02 million shares valued at $3.33 billion to account for 8.5037 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 6.88 million shares representing 4.8707 and valued at over $1.91 billion, while STATE STREET CORP holds 4.369 of the shares totaling 6.17 million with a market value of $1.71 billion.
Cummins Inc (CMI) Insider Activity
The most recent transaction is an insider sale by Barner Sharon R, the company’s VP – Chief Administrative Off. SEC filings show that Barner Sharon R sold 2,163 shares of the company’s common stock on Nov 21 ’24 at a price of $369.12 per share for a total of $0.8 million. Following the sale, the insider now owns 20803.0 shares.
Still, SEC filings show that on Nov 13 ’24, Barner Sharon R (VP – Chief Administrative Off.) disposed off 2,163 shares at an average price of $362.49 for $0.78 million. The insider now directly holds 20,803 shares of Cummins Inc (CMI).
