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Columbus, Indiana-based Cummins Inc. (CMI) offers complementary business segments that design, manufacture, distribute, and service a portfolio of power solutions. Valued at a market cap of $46.4 billion, the company operates through Engine, Distribution, Components, Power Systems, and Accelera segments.
Shares of CMI have outpaced the broader market over the past 52 weeks. CMI stock has soared 16.4% over this period, while the broader S&P 500 Index ($SPX) has gained 11.9%. However, shares of CMI are down 4.9% on a YTD basis, underperforming SPX’s 1% uptick during the same time frame.