Cummins stock slips after a record quarter and dividend hike
Published on 08/21/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cummins Inc. (US2310211063) opened the latest session at $593.12 and finished the prior close with a market cap of $85.46 billion, a 52-week range of $389.52 to $737.76, and volume of 716,000 shares, while the stock was down 2.49% on the day.
The move followed the company’s second-quarter results from August 4, 2026, which showed $9.46 billion in revenue, $6.73 in earnings per share, and a 9.4% year-over-year revenue increase, even as EPS missed the $7.21 consensus by $0.48.
Dividend day mattered
August 21, 2026 also marked the ex-dividend date for a $2.20 quarterly payout, up from $2.00 previously, while the annualized dividend reached $8.80 per share.
That combination leaves the stock trading at 30.31 times earnings and a PEG ratio of 1.45, with a return on equity of 25.29% and a net margin of 7.82% on the latest reported quarter.
Consensus still leans positive
Analysts tracked in the same update had 11 Buy ratings and 4 Hold ratings on the name, alongside a consensus price target of $745.64. Sanford C. Bernstein kept a $700 target, while Wells Fargo lifted its target to $874 and Citigroup raised its objective to $790.
The average current-year EPS estimate stood at 30.06, which puts the latest quarterly $6.73 result in a broader earnings path that still depends on steadier execution in the second half of 2026.
Engines, power systems and parts
Cummins remains a global power technology company with engines, power systems, electrified powertrains and related components at its core, a mix that still makes industrial demand and fleet replacement cycles central to the story.
Shares and valuation
At $593.12, Cummins traded well below its $737.76 52-week high and above its $389.52 low, leaving valuation and dividend support in sharper focus for investors watching the stock into the next earnings update.
Company
Company: Cummins Inc.
ISIN: US2310211063
Ticker: CMI
Exchange: NYSE
Price (as of August 20, 2026, 11:58 p.m. ET): $593.12 USD
Market cap: $85.46 billion (as of August 21, 2026)
Sector / Industry: Engines & Turbines / Industrial Machinery
Index membership: S&P 500
Next earnings date: November 4, 2026
