Cummins Inc (NYSE: CMI) is 14.17% higher on its value in year-to-date trading and has touched a low of $260.02 and a high of $387.90 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 $318.75 in the last trading session, with the day’s gains setting it 514.64%.
Currently trading at $833.39K, the stock is 0.83% and 3.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 1003154% at the moment leaves the stock -3.36% off its SMA200. CMI registered -7.00% loss for a year compared to 6-month loss of -7.74%. The firm has a 50-day simple moving average (SMA 50) of $312.73 and a 200-day simple moving average (SMA200) of $335.4806.
The stock witnessed a -0.63% gain in the last 1 month and extending the period to 3 months gives it a -1.16%, and is 2.92% 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 2.08% over the week and 1.74% over the month.
Cummins Inc (CMI) has around 69600 employees, a market worth around $44.66B and $33.87B in sales. Current P/E ratio is 16.13 and Fwd P/E is 13.55. Profit margin for the company is 8.20%. Distance from 52-week low is 24.68% and -16.42% from its 52-week high. The company has generated returns on investments over the last 12 months (17.21%).
The EPS is expected to shrink by -1.84% this year
2048.0 institutions hold shares in Cummins Inc (CMI), with institutional investors hold 87.02% of the company’s shares. The shares outstanding are 137.70M, and float is at 135.41M with Short Float at 1.27%. Institutions hold 86.73% 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 12.1805 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 8.7642 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 6.88 million shares representing 5.0199 and valued at over $1.91 billion, while STATE STREET CORP holds 4.5028 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 purchase by Stone John H, the company’s Director. SEC filings show that Stone John H bought 1,000 shares of the company’s common stock on May 16 ’25 at a price of $332.08 per share for a total of $0.33 million. Following the purchase, the insider now owns 2441.0 shares.
Cummins Inc disclosed in a document filed with the SEC on Feb 10 ’25 that Smith Mark Andrew (VP – Chief Financial Officer) sold a total of 11,430 shares of the company’s common stock. The trade occurred on Feb 10 ’25 and was made at $374.57 per share for $4.28 million. Following the transaction, the insider now directly holds 26122.0 shares of the CMI stock.
