Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
118.83 (1y: +18%)
Market Cap 22.42 B P/E(ttm) 15.40
Enterprise Value 21.54 B P/B 3.40
CMI- NYSE (USA)
Cummins Inc
  • Currently 4/5
Business Predictability Rank: 4-Star (On Watch)
Back Testing Results:
Average gain of all 4-Star stocks: 9.8% per year.
% of Stocks that are in still loss if held for 10yrs: 8%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$118.83
Switch to:

GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 2.085
CMI's Cash to Debt is ranked higher than
51% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.06 vs. CMI: 2.085 )
CMI' s 10-Year Cash to Debt Range
Min: 0.05   Max: 2.57
Current: 2.09
0.05
2.57
Equity to Asset 0.461
CMI's Equity to Asset is ranked lower than
53% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.49 vs. CMI: 0.461 )
CMI' s 10-Year Equity to Asset Range
Min: 0.02   Max: 0.46
Current: 0.46
0.02
0.46
Interest Coverage 322
CMI's Interest Coverage is ranked higher than
52% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 457.80 vs. CMI: 322 )
CMI' s 10-Year Interest Coverage Range
Min: 1   Max: 322
Current: 322
1
322
F-Score: 5
Z-Score: 5.18
M-Score: -2.49
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 13.00
CMI's Operating margin (%) is ranked higher than
81% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.70 vs. CMI: 13.00 )
CMI' s 10-Year Operating margin (%) Range
Min: -0.9   Max: 14.9
Current: 13
-0.9
14.9
Net-margin (%) 9.5
CMI's Net-margin (%) is ranked higher than
79% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.70 vs. CMI: 9.5 )
CMI' s 10-Year Net-margin (%) Range
Min: -1.8   Max: 10.2
Current: 9.5
-1.8
10.2
ROE (%) 24.9
CMI's ROE (%) is ranked higher than
94% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.60 vs. CMI: 24.9 )
CMI' s 10-Year ROE (%) Range
Min: -10   Max: 33.6
Current: 24.9
-10
33.6
ROA (%) 13.1
CMI's ROA (%) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.80 vs. CMI: 13.1 )
CMI' s 10-Year ROA (%) Range
Min: -2.4   Max: 15.8
Current: 13.1
-2.4
15.8
ROC (Joel Greenblatt) (%) 43.20
CMI's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 10.40 vs. CMI: 43.20 )
CMI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -2.6   Max: 67.2
Current: 43.2
-2.6
67.2
Revenue Growth (%) 13.7
CMI's Revenue Growth (%) is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.45 vs. CMI: 13.7 )
CMI' s 10-Year Revenue Growth (%) Range
Min: -2.9   Max: 13.7
Current: 13.7
-2.9
13.7
EBITDA Growth (%) 28.2
CMI's EBITDA Growth (%) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.35 vs. CMI: 28.2 )
CMI' s 10-Year EBITDA Growth (%) Range
Min: -12.1   Max: 37.9
Current: 28.2
-12.1
37.9
EPS Growth (%) 41.5
CMI's EPS Growth (%) is ranked higher than
95% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. CMI: 41.5 )
CMI' s 10-Year EPS Growth (%) Range
Min: -15.2   Max: 82.8
Current: 41.5
-15.2
82.8
ยป CMI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CMI Guru Trades in Q2 2012

Paul Tudor Jones 4,100 sh (New)
Bruce Kovner 35,934 sh (New)
Chris Davis 16,565 sh (New)
Chuck Royce 18,975 sh (New)
Steven Cohen 201,737 sh (+820.29%)
Joel Greenblatt 24,366 sh (+170.7%)
Jim Simons 1,198,800 sh (+122.45%)
Pioneer Investments 1,161,941 sh (+53.16%)
David Rolfe 690,758 sh (+37.16%)
Robert Olstein 58,000 sh (+23.4%)
Jeremy Grantham 36,770 sh (+17.48%)
HOTCHKIS & WILEY 2,423,186 sh (+11.49%)
Meridian Funds 60,500 sh (unchged)
PRIMECAP Management 50,000 sh (unchged)
Paul Tudor Jones 25,000 sh (unchged)
Paul Tudor Jones 20,000 sh (unchged)
Ken Fisher Sold Out
Ken Heebner Sold Out
Mario Gabelli 5,685 sh (-16.27%)
Ray Dalio 54,329 sh (-32.64%)
» More
Q3 2012

CMI Guru Trades in Q3 2012

George Soros 150,000 sh (New)
Bill Nygren 1,300,000 sh (New)
Chris Davis 51,940 sh (+213.55%)
Pioneer Investments 1,685,925 sh (+45.1%)
David Rolfe 939,586 sh (+36.02%)
Jeremy Grantham 48,100 sh (+30.81%)
HOTCHKIS & WILEY 3,118,397 sh (+28.69%)
Chuck Royce 23,805 sh (+25.45%)
Robert Olstein 65,000 sh (+12.07%)
Ray Dalio 55,273 sh (+1.74%)
Paul Tudor Jones 15,000 sh (unchged)
PRIMECAP Management 50,000 sh (unchged)
Meridian Funds Sold Out
Bruce Kovner Sold Out
Jim Simons Sold Out
Mario Gabelli 5,340 sh (-6.07%)
Paul Tudor Jones 3,800 sh (-7.32%)
Joel Greenblatt 11,735 sh (-51.84%)
Steven Cohen 95,871 sh (-52.48%)
» More
Q4 2012

CMI Guru Trades in Q4 2012

RS Investment Management 323,170 sh (New)
Louis Moore Bacon 25,000 sh (New)
Chris Davis 70,495 sh (+35.72%)
PRIMECAP Management 67,000 sh (+34%)
David Rolfe 1,208,181 sh (+28.59%)
Chuck Royce 27,925 sh (+17.31%)
Bill Nygren 1,380,000 sh (+6.15%)
Robert Olstein 68,000 sh (+4.62%)
Jeremy Grantham 138,300 sh (unchged)
Paul Tudor Jones 25,000 sh (unchged)
Ray Dalio Sold Out
George Soros Sold Out
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
Pioneer Investments 1,553,242 sh (-7.87%)
Mario Gabelli 4,840 sh (-9.36%)
HOTCHKIS & WILEY 2,094,786 sh (-32.82%)
Steven Cohen 5,611 sh (-94.15%)
» More
Q1 2013

CMI Guru Trades in Q1 2013

Steven Cohen 237,292 sh (+4129.05%)
Jeremy Grantham 216,000 sh (+56.18%)
Chuck Royce 36,000 sh (+28.92%)
PRIMECAP Management 73,750 sh (+10.07%)
Chris Davis 71,638 sh (+1.62%)
RS Investment Management 324,190 sh (+0.32%)
Louis Moore Bacon Sold Out
Mario Gabelli 4,810 sh (-0.62%)
David Rolfe 1,193,801 sh (-1.19%)
Pioneer Investments 1,516,815 sh (-2.35%)
HOTCHKIS & WILEY 1,965,977 sh (-6.15%)
Robert Olstein 51,000 sh (-25%)
» More
» Details

Insider Trades

Latest Guru Trades with CMI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2012-12-31 Sold Out 0.22%$86.49 - $108.67 $ 118.8321%0
Ray Dalio 2012-12-31 Sold Out 0.07%$86.49 - $108.67 $ 118.8321%0
Joel Greenblatt 2012-12-31 Sold Out 0.07%$86.49 - $108.67 $ 118.8321%0
PRIMECAP Management 2012-12-31 Add 34%$86.49 - $108.67 $ 118.8321%67000
George Soros 2012-09-30 New Buy0.22%$83.52 - $103.19 $ 118.8324%150000
Meridian Funds 2012-09-30 Sold Out 0.2%$83.52 - $103.19 $ 118.8324%0
Joel Greenblatt 2012-09-30 Reduce -51.84%0.09%$83.52 - $103.19 $ 118.8324%11735
Joel Greenblatt 2012-06-30 Add 170.7%0.11%$89.81 - $122.06 $ 118.8314%24366
Ray Dalio 2012-06-30 Reduce -32.64%0.05%$89.81 - $122.06 $ 118.8314%54329
Meridian Funds 2012-03-31 Reduce -28.32%0.07%$91.05 - $128 $ 118.8312%60500
Joel Greenblatt 2012-03-31 Add 61.4%0.04%$91.05 - $128 $ 118.8312%9001
Ray Dalio 2011-12-31 New Buy0.14%$81.01 - $103.39 $ 118.8327%96160
PRIMECAP Management 2011-12-31 Reduce -91.75%0.08%$81.01 - $103.39 $ 118.8327%50000
Joel Greenblatt 2011-12-31 New Buy0.06%$81.01 - $103.39 $ 118.8327%5577
Mario Gabelli 2011-09-30 Reduce -49.94%0.01%$79.91 - $110.82 $ 118.8324%8960
Mario Gabelli 2011-03-31 Reduce -78.25%0.04%$97.55 - $113.85 $ 118.8312%18425
Meridian Funds 2010-03-31 Reduce -28.11%0.06%$45.16 - $63.08 $ 118.83117%84400
PRIMECAP Management 2010-03-31 Add 228.78%0.04%$45.16 - $63.08 $ 118.83117%649424
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Cummins Inc

Bill Nygren Comments on Cummins Inc. - Oct 08, 2012

Cummins Inc. (CMI-$92)(CMI)
Cummins is the worldโ€™s second-largest manufacturer of engines and the largest maker of truck engines. While North America is still its largest market, Cummins has been very successful in building sales and market share in faster-growth emerging markets, which now account for about a quarter of companywide sales. Further, we believe that its undisputed position as the industry leader in emissions controls technology should provide a long-lasting tailwind as countries mandate progressively tighter emissions standards in upcoming years. Cummins earned just over $9 per share last year, so it wasnโ€™t surprising to see the stock reach a price of $130 in March. By July, however, as investors became increasingly concerned about the possibility of decreasing global growth, the stock hit a low of $82. We believe the decline was an overreaction. Cummins now sells at about 9x expected current-year earnings. Like many of our holdings, we expect Cummins to achieve mid-single-digit revenue growth over the economic cycle, and expect per-share growth to be higher as excess cash flow is devoted to share repurchase. Our expectation for above-average EPS growth, a moderate but growing dividend and a higher P/E multiple results in us believing Cummins is likely to produce above-average returns.

From Oakmark Funds' third-quarter letter to shareholders.

Check out Bill Nygren latest stock trades

Wedgewood Partners Comments on Cummins - Aug 31, 2012

Cummins (CMI) had been firing on all cylinders - bad pun, but perfectly descriptive - until their recent stumble. In early July the company confirmed fears of a significant slowdown in all of their key global markets. Lack of demand in Brazil, China and India were the main culprits in the company's reduced 2012 guidance. We still remain bullish on the company's longerterm growth prospects. At Wedgewood we usually avoid "cyclical" companies, but from time-to-time, superior business models emerge in the cyclical space, particularly if such companies deploy technological advancements as a differentiator to their relative competitive advantage. Cummins is one-of-a-kind on this score. Cummins finished 2011 in truly record fashion. For the full year 2011, revenues grew 36% - a terrific performance given the tough global economic turbulence. 2011 was a record in revenues, profitability and operating cash flow. Cash from operations ($2 billion) was double their previous record. Furthermore, revenues are up 67% over the past two fiscal years โ€“ and profits have tripled. In fact, the current revenue run-rate is +26% over the company's pre-recession peak. The dividend has been increased 125% over the past two years. The company's long renaissance is a great American corporate story โ€“ rivaling that of the renaissance of Harley Davidson. Both Standard & Poor's and Fitch upgraded the company to a rating of A. Cummins lost their Arating back in 1978. Cummins is uniquely diversified across four divisions (engines, parts and components, distribution and power generation). Cummins is also uniquely diversified across global markets. Indeed, some of their relationships (in India for example) date back over 40 years. The global nature on government-mandated increases in fuel economy for truck engines will drive demand for the company's best-in-class engines, parts and components for years to come. By 2015, the emissions standards will have largely converged. Over the next few years the National Standard 4 in China will drive a significant wave of emissions-related demand for the company's compliant engines and parts. The opportunity in China could be two-to-three times the opportunity relative to the Euro 6 and Euro 5 emission standards.

From Tony Guerrerio's second quarter letter.


Check out David Rolfe latest stock trades

Top Ranked Articles about Cummins Inc

Bill Nygren Comments on Cummins Inc.
October 8, 2012
[b]Cummins Inc. (CMI-$92)(CMI) Read more...
Wedgewood Partners Comments on Cummins
August 31, 2012
Cummins (CMI) had been firing on all cylinders - bad pun, but perfectly descriptive - until their recent stumble. In early July the company confirmed fears of a significant slowdown in all of their key global markets. Lack of demand in Brazil, China and India were the main culprits in the company's reduced 2012 guidance. We still remain bullish on the company's longerterm growth prospects. At Wedgewood we usually avoid "cyclical" companies, but from time-to-time, superior business models emerge in the cyclical space, particularly if such companies deploy technological advancements as a differentiator to their relative competitive advantage. Cummins is one-of-a-kind on this score. Cummins finished 2011 in truly record fashion. For the full year 2011, revenues grew 36% - a terrific performance given the tough global economic turbulence. 2011 was a record in revenues, profitability and operating cash flow. Cash from operations ($2 billion) was double their previous record. Furthermore, revenues are up 67% over the past two fiscal years โ€“ and profits have tripled. In fact, the current revenue run-rate is +26% over the company's pre-recession peak. The dividend has been increased 125% Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 15.40
CMI's P/E(ttm) is ranked higher than
85% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.99 vs. CMI: 15.40 )
CMI' s 10-Year P/E(ttm) Range
Min: 4.44   Max: 188.98
Current: 15.4
4.44
188.98
P/B 3.40
CMI's P/B is ranked lower than
80% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.48 vs. CMI: 3.40 )
CMI' s 10-Year P/B Range
Min: 0.7   Max: 4.84
Current: 3.4
0.7
4.84
P/S 1.34
CMI's P/S is ranked lower than
67% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.75 vs. CMI: 1.34 )
CMI' s 10-Year P/S Range
Min: 0.15   Max: 1.68
Current: 1.34
0.15
1.68
PFCF 19.20
CMI's PFCF is ranked lower than
59% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.61 vs. CMI: 19.20 )
CMI' s 10-Year PFCF Range
Min: 7.22   Max: 189.54
Current: 19.2
7.22
189.54
EV-to-EBIT 11.4
CMI's EV-to-EBIT is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.70 vs. CMI: 11.4 )
CMI' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 44.5
Current: 11.4
2.7
44.5
PEG 0.6
CMI's PEG is ranked higher than
99% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.80 vs. CMI: 0.6 )
CMI' s 10-Year PEG Range
Min: 0.13   Max: 70.55
Current: 0.6
0.13
70.55
Shiller P/E 20.2
CMI's Shiller P/E is ranked higher than
87% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.60 vs. CMI: 20.2 )
CMI' s 10-Year Shiller P/E Range
Min: 6.83   Max: 75.47
Current: 20.2
6.83
75.47

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.60
CMI's Dividend Yield is ranked higher than
58% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. CMI: 1.60 )
CMI' s 10-Year Dividend Yield Range
Min: 0.56   Max: 5.42
Current: 1.6
0.56
5.42
Dividend Payout 0.2442
CMI's Dividend Payout is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.66 vs. CMI: 0.2442 )
CMI' s 10-Year Dividend Payout Range
Min: 0.09   Max: 6
Current: 0.24
0.09
6
Dividend growth (3y) 26.6
CMI's Dividend growth (3y) is ranked higher than
99% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.20 vs. CMI: 26.6 )
CMI' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 26.6
Current: 26.6
0
26.6
Yield on cost (5-Year) 6.61
CMI's Yield on cost (5-Year) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.88 vs. CMI: 6.61 )
CMI' s 10-Year Yield on cost (5-Year) Range
Min: 2.31   Max: 22.39
Current: 6.61
2.31
22.39
Share Buyback Rate 1
CMI's Share Buyback Rate is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.90 vs. CMI: 1 )
CMI' s 10-Year Share Buyback Rate Range
Min: 1   Max: -6.7
Current: 1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 7.7
CMI's Price/Net Current Asset Value is ranked higher than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.80 vs. CMI: 7.7 )
CMI' s 10-Year Price/Net Current Asset Value Range
Min: 1.2   Max: 8.2
Current: 7.7
1.2
8.2
Price/Tangible Book 3.9
CMI's Price/Tangible Book is ranked higher than
88% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.00 vs. CMI: 3.9 )
CMI' s 10-Year Price/Tangible Book Range
Min: 2   Max: 20.9
Current: 3.9
2
20.9
Price/DCF (Projected) 1.4
CMI's Price/DCF (Projected) is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. CMI: 1.4 )
CMI' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 2.3
Current: 1.4
0.6
2.3
Price/Median PS Value 2.7
CMI's Price/Median PS Value is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.80 vs. CMI: 2.7 )
CMI' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 3.2
Current: 2.7
0.4
3.2
Price/Peter Lynch Fair Value 0.6
CMI's Price/Peter Lynch Fair Value is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. CMI: 0.6 )
CMI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1
Current: 0.6
0.3
1
Price/Graham Number 1.5
CMI's Price/Graham Number is ranked higher than
81% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.50 vs. CMI: 1.5 )
CMI' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 4.6
Current: 1.5
0.8
4.6
Earnings Yield (Greenblatt) 8.80
CMI's Earnings Yield (Greenblatt) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.10 vs. CMI: 8.80 )
CMI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 36.4
Current: 8.8
2.2
36.4
Forward Rate of Return (Yacktman) 27.07
CMI's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.32 vs. CMI: 27.07 )
CMI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -12.2   Max: 72.7
Current: 27.07
-12.2
72.7

Business Description

Cummins Inc. was founded in 1919 in Columbus, Indiana as one of the first diesel engine manufacturers. The Company is a global power which designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls and air handling systems. Cummins sell its products to Original Equipment Manufacturers, distributors and other customers worldwide. The Company serves its customers through a network of more than 600 company-owned and independent distributor locations and approximately 6,500 dealer locations in more than 190 countries and territories. Cummins has four complementary operating segments that share technology, customers, strategic partners, brand recognition and its distribution network to gain a competitive advantage in their respective markets. In each of the Company operating segments, it competes worldwide with a number of other manufacturers and distributors that produce and sell similar products. The Company's Engine segment manufactures and markets a range of diesel and natural gas- powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. It offers a number of engine products with displacement from 1.4 to 91 liters and horsepower ranging from 31 to 3,500. In addition, it provides a full range of new parts and service, as well as remanufactured parts and engines, through its distribution network. Cummins manufactures a complete line of diesel engines that range from 310 horsepower to 600 horsepower serving the worldwide heavy-duty truck market. It offers the ISM and ISX engines and in Australia, the Signature 620 series engines. Most major heavy-duty truck manufacturers in North America offer its diesel engines as standard or optional power. The Company manufactures a product line of medium-duty diesel engines ranging from 200 horsepower to 400 horsepower serving medium-duty and inter-city delivery truck customers worldwide. Cummins sells its ISB and ISC series engines and engine components to medium-duty truck manufacturers in North America, Asia, Europe and South America. Cummins also offers it's ISB, ISC and ISL diesel engines and their alternative fueled counterparts for school buses, transit buses and shuttle buses worldwide. The Company is the provider of diesel engines used by Chrysler in its Dodge Ram trucks. Cummins mid-range, heavy-duty and high-horsepower engines power a number of equipment in the construction, agricultural, mining, rail, government, oil and gas, power generation and commercial and recreational marine applications throughout the world. The Company's engine range extends from the A-series to the QSV91 allowing it to penetrate the l
Company Website
SEC Reports
Industry: Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR
Traded in other countries:CUM.Germany
ยป More Articles for CMI

Headlines

Articles On GuruFocus.com
My Favorite Industrial Dividend Stocks With Low Forward P/E May 11 2013 
Focus on the Big Picture Apr 20 2013 
12 Best Dividend Paying Diversified Machinery Stocks Mar 12 2013 
Early Movers for Feb. 6, 2013 Feb 06 2013 
Nygren Buys UnitedHealth, Principal Financial and Cummins Inc., Sells Diageo and Best Buy Nov 30 2012 
The Best Dividends on Nov. 20, 2012 Nov 19 2012 
Wedgewood Partners Third Quarter 2012 Review and Outlook Nov 12 2012 
16 Very Cheap Dividend Challengers with a Single-Digit P/E Ratio Oct 15 2012 
Bill Nygren Comments on Cummins Inc. Oct 08 2012 
Oakmark Fund Letter to Shareholders Oct 08 2012 

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial