Bank Pictet & Cie Europe AG Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Bank Pictet & Cie Europe AG purchased a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 170,955 shares of the company's stock, valued at approximately $1,937,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter worth about $26,000. Hartford Financial Management Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $35,000. Fifth Third Bancorp purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $55,000. SG Americas Securities LLC bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at about $124,000. Finally, Avantra Family Wealth Inc. bought a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNH. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Northland Capmk raised CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. UBS Group raised their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Truist Financial lowered their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.08.

Insider Activity at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 375,136 shares of the company's stock, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now owns 161,473 shares of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock valued at $5,081,828 in the last three months. Company insiders own 1.00% of the company's stock.

CNH GLOBAL N V Foreign Stock Down 0.8%

CNH GLOBAL N V Foreign stock traded down $0.11 during trading hours on Friday, hitting $12.55. 15,630,760 shares of the stock traded hands, compared to its average volume of 13,293,395. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The firm's 50-day moving average price is $12.13 and its two-hundred day moving average price is $12.14. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The company has a market cap of $15.67 billion, a PE ratio of 12.18 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion during 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 company's revenue was down 20.5% on a year-over-year basis. On average, research analysts forecast 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 declared an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is 57.32%.

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.