CNH GLOBAL N V Foreign (NYSE:CNH) CTO Sells $27,355.80 in Stock

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) CTO Jay Schroeder sold 2,154 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the sale, the chief technology officer now directly owns 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jay Schroeder also recently made the following trade(s):

• On Tuesday, March 4th, Jay Schroeder sold 2,090 shares of CNH GLOBAL N V Foreign stock. The stock was sold at an average price of $11.64, for a total transaction of $24,327.60.

CNH GLOBAL N V Foreign Stock Performance

CNH traded up $0.30 during mid-day trading on Friday, reaching $13.70. 23,135,412 shares of the company traded hands, compared to its average volume of 13,040,953. The stock has a market capitalization of $17.11 billion, a P/E ratio of 13.30 and a beta of 1.50. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. The company's fifty day moving average price is $12.10 and its 200-day moving average price is $12.03. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87.

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

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird restated a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Evercore ISI boosted their price objective on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup boosted their price objective on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.75.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Hedge funds have recently modified their holdings of the business. Colonial Trust Co SC bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $25,000. Quent Capital LLC bought a new position in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at about $26,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 1st quarter valued at about $29,000. Institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Company 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.