- Cummins Inc. (NYSE:CMI) has consistently outperformed the market, returning an impressive 13.11% on an annualized basis over the past 15 years.
- The company has a strong market presence, reflected in its current market capitalization of $31.95 billion.
- The long-term growth trend of Cummins stock illuminates the capital appreciation potential for patient investors, turning a $100 investment 15 years ago into $600 today.
Over the years, the stock market has proven to be a highly profitable playing field for committed and insightful investors. Particularly compelling is the story of Cummins Inc. (NYSE:CMI), an industrials giant that has consistently warmed the hearts of its shareholders with impressive returns. In this article, we take a deep dive into the journey of Cummins' stock performance over the past 15 years, highlighting its remarkable ascent from $100 to $600.
As a starting point, Cummins is not your average market player. Its robust annual performance is enviable - beating the market by 2.85% annually over a 15-year period. This consistent overperformance has in turn generated an average annual return of a noteworthy 13.11%. Such impressive figures alone demonstrate the solid position Cummins holds in the marketplace.
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