Cummins (CMI)

Company Profile

cummins inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. headquartered in columbus, indiana, (usa) cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. cummins earned $1.65 billion on sales of $19.2 billion in 2014.

Company profile

Ticker

CMI

Exchange

NYSE

Website

www.cummins.com/

CEO

Norman Linebarger

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Manufacturing > Other Engine Equipment Manufacturing

Industry (SIC)

Engines & Turbines

Brunswick Corporation 6.375% No • BWX • Westport Fuel Systems • TPI Composites • Capstone Green Energy • Novo Integrated Sciences • REGI U.S. • Carnegie Development • Briggs & Stratton • Northern Power Systems ...

Former names

CUMMINS ENGINE CO INC

SEC CIK

0000026172

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Apollo FC Holdings Ltd • Arvin Environmental Management, LLC • Arvin European Holdings (UK) Limited • Arvin Finance, LLC • Arvin Holdings Netherlands B.V. • Arvin International (UK) Limited • ArvinMeritor A&ET Limited • Arvinmeritor Filters Operating Co., LLC • ArvinMeritor Finance Ireland Unlimited Company • ArvinMeritor Holdings ...

IRS number

350257090

CMI stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Evercore ISI Group

Maintains

In-Line

$294.00

19 Aug 24

Latest filings (excl ownership)

View all

1 Aug 24

Cummins Reports Strong Second Quarter 2024 Results

1 Aug 24

S-8

Registration of securities for employees

9 Jul 24

S-8

Registration of securities for employees

9 Jul 24

8-K

Entry into a Material Definitive Agreement

3 Jun 24

8-K

Departure of Directors or Certain Officers

30 May 24

Conflict minerals disclosure

29 May 24

8-K

Submission of Matters to a Vote of Security Holders

15 May 24

DEFA14A

Additional proxy soliciting materials

Transcripts

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CMI

Earnings call transcript

2024 Q2

1 Aug 24

CMI

Earnings call transcript

2024 Q1

2 May 24

CMI

Earnings call transcript

2023 Q4

6 Feb 24

CMI

Earnings call transcript

2023 Q3

2 Nov 23

CMI

Earnings call transcript

2023 Q2

3 Aug 23

CMI

Earnings call transcript

2023 Q2

3 Aug 23

CMI

Earnings call transcript

2023 Q1

2 May 23

CMI

Earnings call transcript

2022 Q4

6 Feb 23

CMI

Earnings call transcript

2022 Q3

3 Nov 22

CMI

Earnings call transcript

2022 Q2

2 Aug 22

Latest ownership filings

View all

Tony Satterthwaite

27 Aug 24

144

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Annual report of employee stock purchases

24 May 24

Financial summary

Financial statements Chart CMI financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.59 bn	1.59 bn	1.59 bn	1.59 bn	1.59 bn	1.59 bn
Cash burn (monthly)	317.00 mm	17.67 mm	(no burn)	(no burn)	283.67 mm	(no burn)
Cash used (since last report)	724.90 mm	40.40 mm	n/a	n/a	648.68 mm	n/a
Cash remaining	865.10 mm	1.55 bn	n/a	n/a	941.32 mm	n/a
Runway (months of cash)	2.7	87.7	n/a	n/a	3.3	n/a

Beta Read what these cash burn values mean

Financial data from Cummins earnings reports.

Institutional ownership, Q2 2024

CMI institutional ownership history Ownership history

84.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1361	1324	+2.8%
Opened positions	144	319	-54.9%
Closed positions	107	142	-24.6%
Increased positions	501	353	+41.9%
Reduced positions	463	469	-1.3%

13F shares	Current	Prev Q	Change
Total value	28.31 tn	29.68 tn	-4.6%
Total shares	116.37 mm	115.48 mm	+0.8%
Total puts	631.15 k	1.25 mm	-49.6%
Total calls	1.01 mm	1.18 mm	-14.7%
Total put/call ratio	0.6	1.1	-40.9%

Largest owners	Shares	Value	Change
Vanguard	16.70 mm	$4.62 tn	+0.2%
BLK BlackRock	12.02 mm	$3.33 tn	+3.9%
T. Rowe Price	6.88 mm	$1.91 bn	-13.4%
STT State Street	6.17 mm	$1.71 tn	+1.7%
Geode Capital Management	3.36 mm	$929.56 bn	+3.0%
MS Morgan Stanley	3.16 mm	$875.27 bn	+53.1%
Fisher Asset Management	2.84 mm	$786.53 bn	+5.1%
First Eagle Investment Management	2.00 mm	$553.17 bn	-0.1%
AMP Ameriprise Financial	1.87 mm	$518.06 bn	+8.0%
NTRS Northern Trust	1.71 mm	$473.49 bn	+5.1%

Largest transactions	Shares	Bought/sold	Change
Pacer Advisors	12.25 k	-1.45 mm	-99.2%
Ontario Teachers Pension Plan Board	37.91 k	-1.34 mm	-97.2%
Norges Bank	1.30 mm	+1.30 mm	NEW
MS Morgan Stanley	3.16 mm	+1.10 mm	+53.1%
T. Rowe Price	6.88 mm	-1.07 mm	-13.4%
First Trust Advisors	163.77 k	-958.99 k	-85.4%
Charles Schwab Investment Management	860.11 k	+860.11 k	NEW
Two Sigma Investments	252.18 k	-483.92 k	-65.7%
BLK BlackRock	12.02 mm	+448.24 k	+3.9%
FMR	1.17 mm	+435.74 k	+59.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CMI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Aug 24	Tony Satterthwaite	Common Stock	Sell	Dispose S	No	No	308.2298	11,876	3.66 mm	77,442.455
23 Aug 24	Tony Satterthwaite	Common Stock	Sell	Dispose S	No	No	307.4899	7,800	2.40 mm	89,318.455
23 Aug 24	Tony Satterthwaite	Common Stock	Sell	Dispose S	No	No	309.5077	4,174	1.29 mm	97,118.455
23 Aug 24	Tony Satterthwaite	Common Stock	Sell	Dispose S	No	No	310.08	400	124.03 k	101,292.455
23 Aug 24	Tony Satterthwaite	Common Stock	Option exercise	Acquire M	No	No	109.09	24,250	2.65 mm	101,692.455
23 Aug 24	Tony Satterthwaite	Stock Option (Right-to-Buy) Common	Option exercise	Dispose M	No	No	109.09	24,250	2.65 mm	0
21 Aug 24	Sharon R Barner	Common Stock	Sell	Dispose S	No	No	304.7676	6,489	1.98 mm	20,873
21 Aug 24	Sharon R Barner	Common Stock	Option exercise	Acquire M	No	No	163.43	6,489	1.06 mm	27,362
21 Aug 24	Sharon R Barner	Stock Option (Right-to-Buy) Common	Option exercise	Dispose M	No	No	163.43	6,489	1.06 mm	6,489
16 Aug 24	Srikanth Padmanabhan	Common Stock	Payment of exercise	Dispose F	No	No	301.65	8,991	2.71 mm	30,121