Company profile

Ticker
CMI
Exchange
Website
CEO
Norman Thomas Linebarger
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Cummins Engine Co Inc
SEC CIK
IRS number
350257090

CMI stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

11 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 5.58B 5.77B 6.22B 6B
Net income 300M 622M 675M 663M
Diluted EPS 1.97 3.97 4.27 4.2
Net profit margin 5.38% 10.78% 10.85% 11.04%
Operating income 354M 699M 848M 799M
Net change in cash -431M 163M
Cash on hand 1.13B 1.56B 1.4B
Cost of revenue 4.27B 4.27B 4.58B 4.47B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 23.57B 23.77B 20.43B 17.51B
Net income 2.26B 2.14B 999M 1.39B
Diluted EPS 14.48 13.15 5.97 8.23
Net profit margin 9.59% 9.01% 4.89% 7.96%
Operating income 2.7B 2.79B 2.33B 1.88B
Net change in cash -174M -66M 249M -591M
Cash on hand 1.13B 1.3B 1.37B 1.12B
Cost of revenue 17.59B 18.03B 15.33B 13.05B

Financial data from Cummins earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Mar 20 Mark J Osowick Common Stock Payment of exercise Dispose F 151.29 439 66.42K 8,015.068
1 Mar 20 Mark J Osowick Common Stock Grant Aquire A 0 1,500 0 8,454.068
1 Mar 20 Norbert Nusterer Common Stock Payment of exercise Dispose F 151.29 1,238 187.3K 10,814
1 Mar 20 Norbert Nusterer Common Stock Grant Aquire A 0 4,180 0 12,052
1 Mar 20 Norman Thomas Linebarger Common Stock Payment of exercise Dispose F 151.29 18,117 2.74M 107,692
1 Mar 20 Norman Thomas Linebarger Common Stock Grant Aquire A 0 40,620 0 125,809
1 Mar 20 Melina M Kennedy Common Stock Payment of exercise Dispose F 151.29 380 57.49K 1,045.609
1 Mar 20 Melina M Kennedy Common Stock Grant Aquire A 0 1,190 0 1,425.609
80.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1063 994 +6.9%
Opened positions 147 64 +129.7%
Closed positions 78 125 -37.6%
Increased positions 338 396 -14.6%
Reduced positions 425 374 +13.6%
13F shares
Current Prev Q Change
Total value 268.93B 241.36B +11.4%
Total shares 123.35M 127.19M -3.0%
Total puts 1.94M 1.39M +39.0%
Total calls 1.9M 1.23M +54.0%
Total put/call ratio 1.0 1.1 -9.7%
Largest owners
Shares Value Change
Vanguard 12.58M $2.25B -2.0%
BLK BlackRock 12.36M $2.21B +1.0%
STT State Street 7.1M $1.27B -32.7%
LSV Asset Management 3.53M $631.37M -3.7%
American Century Companies 2.85M $510.28M -11.6%
AMP Ameriprise Financial 2.79M $498.97M -5.1%
Geode Capital Management 2.77M $495.31M +1.5%
Hotchkis & Wiley Capital Management 2.77M $495.66M +9.7%
NTRS Northern Trust 2.34M $419.55M -8.5%
Aqr Capital Management 2.02M $362.26M -18.9%
Largest transactions
Shares Bought/sold Change
STT State Street 7.1M -3.45M -32.7%
Norges Bank 1.68M +1.68M NEW
AIG American International 1.73M +1.65M +2162.4%
Holocene Advisors 26.7K -1.12M -97.7%
N Price T Rowe Associates 1.4M +894.51K +176.5%
WFC Wells Fargo & Co. 1.43M -675.85K -32.1%
Skandinaviska Enskilda Banken AB 109.42K -489.01K -81.7%
Aqr Capital Management 2.02M -472.75K -18.9%
JPM JPMorgan Chase & Co. 998.58K -462.25K -31.6%
American Century Companies 2.85M -375.86K -11.6%

Financial report summary

?
Risks
  • We operate our business on a global basis and policy changes affecting international trade could adversely impact the demand for our products and our competitive position.
  • The U.K.’s exit from the European Union (EU) could materially and adversely impact our results of operations, financial condition and cash flows.
  • We are vulnerable to supply shortages from single-sourced suppliers.
  • Our truck manufacturers and OEM customers may discontinue outsourcing their engine supply needs.
  • Our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures may expose us to additional costs and risks.
  • We are subject to foreign currency exchange rate and other related risks.
  • Our products are exposed to variability in material and commodity costs.
  • We derive significant earnings from investees that we do not directly control, with more than 50 percent of these earnings from our China-based investees.
  • Our global operations are subject to laws and regulations that impose significant compliance costs and create reputational and legal risk.
  • Our business is exposed to potential product liability claims.
  • Our operations are subject to increasingly stringent environmental laws and regulations.
  • Future bans or limitations on the use of diesel-powered vehicles or other applications could have a material adverse impact on our business over the long term.
  • We are exposed to risks arising from the price and availability of energy.
  • Significant declines in future financial and stock market conditions could diminish our pension plan asset performance and adversely impact our results of operations, financial condition and cash flow.
  • We may be adversely impacted by work stoppages and other labor matters.
Management Discussion
  • ITEM 7.    Management's Discussion and Analysis of Financial Condition and Results of Operations
  • We are a global power leader that designs, manufactures, distributes and services diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. We sell our products to original equipment manufacturers (OEMs), distributors, dealers and other customers worldwide. We have long-standing relationships with many of the leading manufacturers in the markets we serve, including PACCAR Inc, Navistar International Corporation, Daimler Trucks North America and Fiat Chrysler Automobiles (Chrysler). We serve our customers through a network of approximately 600 wholly-owned, joint venture and independent distributor locations and over 7,600 Cummins certified dealer locations in more than 190 countries and territories.
  • In November 2019, we renamed our Electrified Power segment as "New Power" in order to better represent the incorporation of fuel cell and hydrogen production technologies resulting from our acquisition of Hydrogenics Corporation. The New Power segment includes our electrified power, fuel cell and hydrogen production technologies.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: accuracy, ahead, Akasol, Alstom, alter, ancillary, arriving, aspirational, Ballard, Barron, Bird, Blue, CEO, clean, communicated, communicating, communication, commuter, cooperating, cooperation, cooperatively, creation, Cumbernauld, Dana, de, Department, DOJ, earlier, executory, familiarity, feasible, Fier, fleet, fourteenth, Garrett, great, Houston, Hubei, hydrogen, implicit, inflation, Interbank, intermediary, ISV, judgement, Justice, Kennedy, land, Leroy, lessor, lock, locked, Melina, mission, Mississauga, Montreal, Motion, movement, multiperiod, NIDEC, Oevel, opportunity, outbreak, overnight, owed, package, PEM, PLANET, priority, Provence, pursue, reimburse, ROU, safeguard, shutdown, skill, SOFR, Somer, sovereign, strain, talent, Team, unexpected, unwinding, USD, vendor, viable, Walter, wellbeing, wholesale, win
Removed: adhering, aircraft, amortizing, approval, Arab, authoritative, capitalization, cater, collaboratively, COMB, composed, corrective, customize, delinquent, Dubai, elimination, enforceable, environmentally, fact, FG, Freeland, holder, holiday, inflow, installed, intention, leased, Malaysia, Markon, meaningfully, Nashville, Nissan, Olayan, organic, participate, patrick, principle, proactively, prohibiting, proposed, purportedly, reclassification, repatriate, repatriated, request, Richard, Singapore, sound, surrender, swingline, Thailand, train, transparent, vale, ward, Wilson

Patents

GRANT
Utility
Turbomachine
7 Apr 20
A variable geometry turbine comprising a turbine wheel mounted for rotation about a turbine axis within a housing.
GRANT
Utility
Degradation detecting device for fuel cell stack, fuel cell system and managing method thereof
7 Apr 20
A degradation detecting device for a fuel cell stack includes one or more sensors, a first detection module, a second detection module and a detection fusion module.
APP
Utility
Systems and Methods for Reductant Delivery In Aftertreatment Systems for Internal Combustion Engines
2 Apr 20
A dosing lance assembly for an exhaust component includes a housing and a delivery conduit.
APP
Utility
Diagnosing Cylinder Pressure Sensor Gain and Offset
2 Apr 20
An apparatus includes a sensor module, an offset diagnostic module, and a notification module.
APP
Utility
Variable Engine Braking for Thermal Management
2 Apr 20
An internal combustion engine system includes an engine with a plurality of pistons housed in respective ones of a plurality of cylinders, an air intake system to provide air to the plurality of cylinders through respective ones of a plurality of intake valves, an exhaust system to release exhaust gas from the plurality of cylinders through respective one of a plurality of exhaust valves, an aftertreatment system to treat exhaust emission from the engine, and a controller coupled to at least one sensor and configured to control a variable valve actuation mechanism to provide variable engine braking for thermal management.