TD Cowen reiterated coverage on Cummins with a new price target

Cummins Inc. (NYSE:CMI) announced today that Nicole Y. Lamb-Hale has been appointed Chief Administrative Officer and Corporate Secretary, effective June 1. She will succeed Sharon Barner when she retires on May 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402041669/en/Nicole Y. Lamb-Hale, Chief Administrative Officer and Corporate Secretary "Nicole has spent her career mastering the complex fields of corporate and international law, regulatory compliance and trade policy," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "She is a visionary and strategic thinker, and as our Vice President and Chief Legal Officer has lev

Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), and Isuzu Motors Limited will introduce a new battery electric powertrain for the F-series medium-duty truck at this year's ACT Expo in Anaheim, California. Scheduled for production in 2027, the fully integrated powertrain will feature Accelera's next-generation battery, eAxle, accessories and controls, and offer customers an innovative and versatile solution to fleet decarbonization. "For our customers in the US and Canada, we are very excited to expand our product offering in class 6 and 7 to include an F-Series BEV zero-emissions truck starting in 2027 in collaboration with Accelera," said Shaun Skinne

Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), hosted Spanish Prime Minister Pedro Sánchez and other government officials at its state-of-the-art electrolyzer manufacturing facility in Guadalajara, Castilla-la Mancha, Spain. The visit highlighted Accelera's important role in enabling the European Union (EU) and Spain's energy transition toward a sustainable future. Following Prime Minister Sánchez's visit, Accelera held a meeting with top industry executives to explore opportunities for advancing the Spanish green hydrogen market together. The Government of Spain is committed to the green transition, with green hydrogen as one of its pillars. The deci

BofA Securities upgraded Cummins from Underperform to Neutral and set a new price target of $358.00

Analyst upgraded Cummins from Underweight to Neutral and set a new price target of $420.00 from $355.00 previously

Evercore ISI upgraded Cummins from In-line to Outperform and set a new price target of $408.00 from $294.00 previously

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Cummins Inc. (NYSE:CMI) announced today that Nicole Y. Lamb-Hale has been appointed Chief Administrative Officer and Corporate Secretary, effective June 1. She will succeed Sharon Barner when she retires on May 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402041669/en/Nicole Y. Lamb-Hale, Chief Administrative Officer and Corporate Secretary "Nicole has spent her career mastering the complex fields of corporate and international law, regulatory compliance and trade policy," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "She is a visionary and strategic thinker, and as our Vice President and Chief Legal Officer has lev

Cummins Inc. (NYSE:CMI) announced today that Chief Administrative Officer Sharon Barner will be retiring, effective May 31, following an extraordinary career and 13 years of committed service to Cummins. "Sharon is not only a renowned legal expert and business leader in intellectual property, risk management and environmental and regulatory affairs, she is also a model of courage, integrity and strong leadership," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "She embodies our values, always lifting others up as she climbs, creating nurturing environments where everyone can thrive and passionately advocating in our communities." "A deeply curious and strategic thinker, Sharon's succes

Radwell International ("Radwell," or "the Company"), a leading global industrial operations, automation, and electronics solutions provider, today announced the appointment of Chris Snodgrass as Chief Executive Officer. He will become a member of the company's Board of Directors, effective August 5, 2024. Mr. Snodgrass is a proven global executive with extensive operational and management experience across diverse industrial sectors. Most recently, he served as Senior Vice President of the Building Construction Products division (BCP) and an officer at Caterpillar, Inc. (NYSE:CAT). Prior to BCP, Mr. Snodgrass was Senior Vice President for the Product Support & Logistics division (PSLD), w

The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of one dollar and eighty-two cents ($1.82) per share. The dividend is payable on March 6, 2025, to shareholders of record on February 21, 2025. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments – Engine, Components, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping it

Cummins Inc. (NYSE:CMI) today announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations. In addition, Cummins is acquiring First Mode's commercial portfolio, manufacturing and technical teams in Australia, the United States and Chile. First Mode will continue to serve customers thro

Fourth quarter revenues of $8.4 billion; GAAP1 Net Income of $418 million, or 4.9% of sales EBITDA in the fourth quarter was 12.1% of sales; Diluted EPS of $3.02 Fourth quarter results include $312 million, or $2.14 per diluted share, of Accelera strategic reorganization actions, of which $305 million were non-cash charges Full year 2024 revenues of $34.1 billion; GAAP1 Net Income of $3.9 billion, or 11.6% of sales EBITDA for full year 2024 was 18.6% of sales; Diluted EPS of $28.37 Full year 2025 revenues expected to range from down 2% to up 3%; EBITDA expected to range between 16.2% and 17.2% of sales Cummins Inc. (NYSE:CMI) today reported fourth quarter and full year 20

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