$1000 in Cummins Stock 20 Years Ago Worth $19,000 Today

A long-term investment strategy requires patience, and investing in robust stocks has proven to yield significant returns over time. An exemplary case of such an investment is the stock of Cummins Inc. CMI. This Columbus, Indiana-based multinational corporation, known for its design, manufacture, and distribution of engines, filtration, and power generation products, has demonstrated remarkable performance in the stock market.

Cummins Inc. 20-Year Market Triumph

Looking back 20 years, a $1000 investment in Cummins CMI stock would have transformed into an impressive $19,000 today. This is owing to Cummins' consistent outperformance in the market, which has seen an annualized excess return of 8.48% over the standard indices. It highlights an attractive average annual return of 15.99% for investors who chose to place their faith in Cummins' potential.

Current Market Standing of Cummins

Presently, Cummins stands tall with a market capitalization of $33.59 billion, indicating its substantial growth and the sustained interest of the investment community in its stocks. The company not only continues to be a major player in the engine and related equipment sector but also provides services for its products, encompassing a wide array of industries ranging from fuel systems to electrical power generation systems.

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