Weekly Research Analysts’ Ratings Updates for Cummins (CMI)

A number of firms have modified their ratings and price targets on shares of Cummins (NYSE: CMI) recently:

• 8/5/2026 – Cummins had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $700.00 price target on the stock.
• 8/5/2026 – Cummins had its price target lowered by UBS Group AG from $850.00 to $835.00. They now have a “buy” rating on the stock.
• 8/5/2026 – Cummins was given a new $894.00 price target by Truist Financial Corporation.
• 8/3/2026 – Cummins had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 7/17/2026 – Cummins had its price target raised by Morgan Stanley from $752.00 to $761.00. They now have an “overweight” rating on the stock.
• 7/14/2026 – Cummins had its price target raised by Citigroup Inc. from $770.00 to $790.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Cummins was downgraded by Zacks Research from “strong-buy” to “hold”.
• 7/2/2026 – Cummins had its price target raised by Truist Financial Corporation from $815.00 to $901.00. They now have a “buy” rating on the stock.

Cummins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 21st. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio is presently 40.88%.

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.