Cummins Inc. (CMI) Stock Split History

Cummins Inc. has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on November 12, 1993 with the ratio of 2-for-1, meaning that for 1 share of CMI owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on January 03, 2008 on a 2-for-1 basis.

These splits have increased CMI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Cummins Inc.'s total market capitalization.

For more detailed information of Cummins Inc.'s stock splits, view the table below:

CMI stock split list

Date	Split Ratio
2008-01-03	2 - for - 1
2007-04-10	2 - for - 1
1993-11-12	2 - for - 1

Will Cummins Inc. Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Cummins Inc. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CMI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Cummins Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol	Latest Split Date	Split Ratio
ETN	2011-03-01	2 - for - 1
ITW	2006-05-26	2 - for - 1
PH	2007-10-02	3 - for - 2
EMR	2006-12-12	2 - for - 1
CMI	2008-01-03	2 - for - 1
AME	2012-07-02	3 - for - 2
ROK	1987-04-14	41 - for - 20
DOV	2018-05-09	1238 - for - 1000
IEX	2007-05-22	3 - for - 2
NDSN	2011-04-13	2 - for - 1
GGG	2017-12-28	3 - for - 1
PNR	1996-02-20	2 - for - 1
AOS	2016-10-06	2 - for - 1
ITT	2011-11-01	1 - for - 2
RRX	1994-08-15	2 - for - 1
DCI	2012-03-26	2 - for - 1
GNRC	2010-02-10	7 - for - 23