CNH GLOBAL N V Foreign (NYSE:CNH) CTO Jay Schroeder Sells 2,154 Shares

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 transaction of $27,355.80. Following the completion of the transaction, the chief technology officer now owns 32,762 shares of the company's stock, valued at approximately $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $24,327.60.

CNH GLOBAL N V Foreign Price Performance

NYSE:CNH traded up $0.53 on Monday, reaching $13.30. 19,811,620 shares of the company's stock traded hands, compared to its average volume of 12,918,891. The stock has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $11.96. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The firm has a market cap of $16.61 billion, a PE ratio of 12.91 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.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its quarterly earnings data 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. 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. CNH GLOBAL N V Foreign's revenue for the quarter was down 20.5% on a year-over-year basis. Equities research 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 business also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of CNH GLOBAL N V Foreign by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after acquiring an additional 58,991,632 shares during the last quarter. Franklin Resources Inc. raised its position in CNH GLOBAL N V Foreign by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock valued at $655,624,000 after purchasing an additional 664,191 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $361,990,000. Charles Schwab Investment Management Inc. raised its holdings in CNH GLOBAL N V Foreign by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock valued at $257,719,000 after buying an additional 395,005 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at $162,095,000. 59.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a "sell" rating for the company. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, April 11th. Robert W. Baird reiterated a "neutral" rating and set a $15.00 price target (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Finally, Truist Financial lowered their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.75.

About CNH GLOBAL N V Foreign

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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