Cummins Inc. (CMI)

Several events influenced Cummins, Inc.'s stock price over the past six months. Cummins reported its first-quarter 2025 results on May 5, 2025. The company declared quarterly common stock dividends on May 13, 2025, and July 15, 2025, and increased its quarterly common stock dividend to $2.00 per share. Cummins reported strong second-quarter results on August 5, 2025, noting a decline in North America truck volumes. Several analysts adjusted Cummins' price target or rating. Cummins announced a collaboration with Komatsu on September 16, 2025. Preliminary data indicated a decline in North America's Class 8 truck orders in September.

Demand for Cummins' products and services exhibits some seasonality, influenced by various market segments. There is robust demand for power generation equipment, while more economically sensitive markets, such as the truck industry, have experienced declining end-user confidence. North America truck build rates are anticipated to decline sharply in the second half of 2025, but aftermarket demand for parts and service has remained stable.

Cummins Inc. is a global power leader that designs, manufactures, distributes, and services power solutions, operating within the Industrials sector. Its product range includes diesel, natural gas, electric, and hybrid powertrains, along with related components and electric power generation systems.

Cummins Inc. operates in approximately 190 countries and territories, with around 650 wholly-owned, joint venture, and independent distributor locations, and over 19,000 certified dealer locations worldwide.

Cummins Inc. maintains a brand reputation rooted in its history and commitment to innovation in power solutions. The company is committed to sustainability through its "Destination Zero" initiative. Cummins highlights its history of advocating for a more inclusive future by empowering diversity. The company's Board of Directors oversees a commitment to ethical behavior and business practices.

Institutional investors hold a significant majority of Cummins Inc. stock, ranging from approximately 83.46% to 87%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Geode Capital Management LLC, and Capital Research & Management Co. Individual investors hold around 12% to 33.48% of the company's stock, while insiders own less than 1%.