Cummins
About: Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
Employees: 69,600
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
173% more first-time investments, than exits
New positions opened: 224 | Existing positions closed: 82
53% more funds holding in top 10
Funds holding in top 10: 15 [Q3] → 23 (+8) [Q4]
24% more call options, than puts
Call options by funds: $304M | Put options by funds: $246M
10% more capital invested
Capital invested by funds: $37.2B [Q3] → $40.9B (+$3.71B) [Q4]
8% more funds holding
Funds holding: 1,406 [Q3] → 1,516 (+110) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 497 | Existing positions reduced: 543
1.91% less ownership
Funds ownership: 86.38% [Q3] → 84.47% (-1.91%) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
UBS Steven Fisher 44% 1-year accuracy 11 / 25 met price target | 27%upside $400 | Buy Maintained | 18 Mar 2025 |
JP Morgan Tami Zakaria 40% 1-year accuracy 14 / 35 met price target | 19%upside $375 | Neutral Maintained | 18 Mar 2025 |
Evercore ISI Group David Raso 30% 1-year accuracy 6 / 20 met price target | 44%upside $451 | Outperform Maintained | 19 Feb 2025 |
Baird David Leiker 25% 1-year accuracy 1 / 4 met price target | 30%upside $407 | Neutral Maintained | 5 Feb 2025 |
Barclays Adam Seiden 42% 1-year accuracy 8 / 19 met price target | 21%upside $381 | Equal-Weight Maintained | 5 Feb 2025 |
Financial journalist opinion
Based on 22 articles about CMI published over the past 30 days









