512,038 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 512,038 shares of the company's stock, valued at approximately $5,802,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in CNH GLOBAL N V Foreign during the fourth quarter worth $25,000. Quent Capital LLC acquired a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter worth $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter worth about $26,000. Farther Finance Advisors LLC acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at about $27,000. Finally, Principal Securities Inc. acquired a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at about $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Stock Down 0.2 %

Shares of CNH opened at $12.39 on Friday. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company's fifty day moving average is $12.05 and its two-hundred day moving average is $11.91. The firm has a market cap of $15.46 billion, a PE ratio of 12.03 and a beta of 1.43. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The business's revenue for the quarter was down 20.5% on a year-over-year basis. Analysts forecast that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is 45.63%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, CEO Gerrit A. Marx sold 320,472 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This represents a 46.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stefano Pampalone sold 12,935 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the sale, the insider now owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 392,620 shares of company stock valued at $4,570,097 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI upped their price target on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Citigroup lowered their target price on CNH GLOBAL N V Foreign from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial cut their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $11.00 to $17.00 in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their target price on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $14.33.

CNH GLOBAL N V Foreign Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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