Focus Partners Wealth Takes Position in CNH GLOBAL N V Foreign (NYSE:CNH)

Focus Partners Wealth bought a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,136 shares of the company's stock, valued at approximately $477,000.

Several other hedge funds also recently modified their holdings of the company. Eisler Capital Management Ltd. bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $2,985,000. Ensign Peak Advisors Inc purchased a new position in CNH GLOBAL N V Foreign during the fourth quarter worth about $311,000. Deutsche Bank AG bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $19,216,000. Deprince Race & Zollo Inc. purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $9,345,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in CNH GLOBAL N V Foreign in the fourth quarter worth about $306,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Insider Buying and Selling

In other CNH GLOBAL N V Foreign news, CTO Jay Schroeder sold 2,154 shares of the business's stock in a transaction dated 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 sale, the chief technology officer now directly owns 32,762 shares in the company, valued at $416,077.40. The trade was a 6.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $150,563.40. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 432,866 shares of company stock valued at $5,081,828 over the last 90 days. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNH. Oppenheimer dropped 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 report on Tuesday, April 22nd. Baird R W downgraded shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Evercore ISI increased their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday. Wall Street Zen initiated coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They issued a "sell" rating for the company. 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 assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.92.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE CNH traded down $0.19 during trading on Friday, reaching $12.77. 17,826,470 shares of the company traded hands, compared to its average volume of 13,125,042. The firm 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 has a 52-week low of $9.28 and a 52-week high of $13.87. The stock has a market capitalization of $15.96 billion, a PE ratio of 12.40 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 issued its quarterly earnings data 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. The company's revenue for the quarter was down 20.5% on a year-over-year basis. Equities research analysts anticipate 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 company also recently disclosed 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. 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 payout ratio is currently 57.32%.

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.