Cummins Inc. (CMI)
Industrials · NYSE · US
Price as at 1 Oct 2026, 13:36 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Cummins Inc. trades at $516.28, which is 48% above the $270.38 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 51 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 35.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CMI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $6.20 | 3 |
| 2025 | $7.64 | 4 |
| 2024 | $7.00 | 4 |
| 2023 | $6.50 | 4 |
| 2022 | $6.04 | 4 |
| 2021 | $5.60 | 4 |
| 2020 | $5.28 | 4 |
| 2019 | $4.90 | 4 |
| 2018 | $4.44 | 4 |
| 2017 | $4.21 | 4 |
| 2016 | $4.00 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CMI earnings and analyst estimates
Recommendation mix, 22 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Cummins Inc.
Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas-powered engines; and drivetrain systems, including axles, drivelines, brakes, and suspension systems; and on- and off-highway, and other products. The company also provides aftertreatment technology and solutions comprising custom engineering systems and integrated controls, oxidation catalysts, particulate filters, and selective catalytic reduction systems, as well as engineered components, including dosers; turbochargers, fuel systems, and valvetrain technologies; electronic control modules, sensors, and supporting software; and automated manual transmissions, and automatic transmissions for internal combustion engines. In addition, it sells and offers support services power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines; offers application engineering services, custom-designed assemblies, and in-shop and field-based repair services; and retail and wholesale aftermarket parts. Further, the company offers standby and prime power generators, controls, paralleling systems, and transfer switches; turnkey solutions for distributed generation and energy management applications using natural gas, diesel, battery energy storage systems, and newer alternative sustainable fuels; diesel and natural gas high-speed, high-horsepower engines; and A/C generator/alternator products. Additionally, it provides electrified power systems, including batteries, fuel cells, and electric powertrain technologies. 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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
CMI passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
16 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Fisher, Fisher Asset Management, LLC$2.56B · 0.8% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$884.76M · 0.3% of book
- First Eagle, First Eagle Investment Management, LLC$382.90M · 0.6% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$229.29M · 0.1% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$197.59M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in CMI
We hold 7 disclosed trades in CMI by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchSell · $50,001 - $100,000 · traded 5 May 2026 · disclosed 1 Jul 2026
- Bruce Westerman · HouseSell · $1,001 - $15,000 · traded 21 Apr 2025 · disclosed 12 May 2025
- Bruce Westerman · HouseBuy · $1,001 - $15,000 · traded 3 Mar 2025 · disclosed 16 Apr 2025
- Carol Devine Miller · HouseBuy · $1,001 - $15,000 · traded 3 Mar 2023 · disclosed 17 Apr 2023
- Dean Phillips · HouseSell · $1,001 - $15,000 · traded 4 Jan 2019 · disclosed 18 Feb 2019
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
CMI peers
The largest companies in the same industry, then in the same sector.
- ATCO-A.ST Atlas Copco
- VOLV-B.ST Volvo AB
- SAND.ST Sandvik
- DSV.CO DSV
- ASSA-B.ST Assa Abloy
- CAT Caterpillar Inc.
- CYATY CONTEMPORARY AMPEREX TECHNOLOGY
- GE GE Aerospace
Every industrials company we cover is on the Industrials hub.
Common questions
Is Cummins Inc. (CMI) undervalued?
Against our fair value estimate of $270.38, CMI at $516.28 is 48% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own CMI?
16 of the institutions we track reported a position in CMI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is CMI's P/E ratio?
CMI trades at 35.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Cummins Inc. (CMI) pay a dividend?
Yes. Cummins Inc. yields 1.19% at the current share price. It has paid $8.20 per share over the trailing twelve months. It has paid a dividend in each of the last 41 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its CMI data?
Fundamentals for CMI come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 13:36 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for CMI, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.