CNH GLOBAL N V Foreign (NYSE:CNH) Declares Annual Dividend of $0.25

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) declared an annual dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Wednesday, May 21st will be paid a dividend of 0.25 per share on Friday, May 30th. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st.

CNH GLOBAL N V Foreign has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNH GLOBAL N V Foreign to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 49.5%.

CNH GLOBAL N V Foreign Trading Down 1.5%

Shares of NYSE CNH traded down $0.19 during trading hours on Friday, hitting $12.77. The company's stock had a trading volume of 17,826,470 shares, compared to its average volume of 13,125,049. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The business has a 50-day simple moving average of $12.13 and a 200-day simple moving average of $12.09.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations 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 firm's revenue was down 20.5% compared to the same quarter last year. On average, analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNH has been the topic of several recent analyst reports. Oppenheimer cut their target price on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial cut their price objective 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. Citigroup lifted their price objective on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird reaffirmed a "neutral" rating and set a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Finally, Northland Securities raised CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.92.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, insider Stefano Pampalone sold 12,935 shares of the business'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 $150,563.40. Following the completion of the sale, the insider now directly owns 417,384 shares in the company, valued at approximately $4,858,349.76. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of the business'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 sale, the chief executive officer now owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock worth $5,081,828 in the last three months. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

An institutional investor recently raised its position in CNH GLOBAL N V Foreign stock. Integrated Wealth Concepts LLC grew its holdings in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,143 shares of the company's stock after acquiring an additional 1,772 shares during the period. Integrated Wealth Concepts LLC's holdings in CNH GLOBAL N V Foreign were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 59.88% of the stock is owned by institutional investors.

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.