[Business Wire] – The Board of Directors of Cummins Inc. today declared a quarterly common stock cash dividend of 97.5 cents per share, payable on June 1, 2016, to shareholders of record on May 20, 2016. Read more on this. Cummins Inc. (CMI) , with a current value of $19.48B, started the session at $112.94. Looking at today’s market, CMI one day range is $112.34 to $114.95 with a one year range of $79.88 to $143.40. CMI shares are currently priced at 14.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.17x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.90 per share annually in dividends, yielding 3.39%. According to a consensus of 22 analysts, the earnings estimate of $2.14 per share would be $0.48 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $7.92 which would be a $1.01 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.51 Billion. If realized, that would be a 10.16% decrease over the year-ago quarter. Recently, Robert W. Baird downgraded CMI from Neutral to Underperform (Apr 21, 2016). Previously, BofA/Merrill upgraded CMI from Underperform to Neutral. Given all the information above, we should disclose to readers that the average price target is $109.37, which is 3.16% below than it opened this morning. See more in (NYSE:CMI) Similar Articles: Stock Update: Cummins Inc (NYSE:CMI) – Cummins and Olayan Announce Middle East Joint Venture Market Update: Cummins Inc (NYSE:CMI) – Cummins Reorganizing Kent Operations to Improve Efficiencies Market Update: Cummins Inc (NYSE:CMI) – Cummins Announces $500 Million Accelerated Share Repurchase