Focus Partners Wealth Invests $477,000 in CNH GLOBAL N V Foreign (NYSE:CNH)

Focus Partners Wealth acquired a new stake in CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 42,136 shares of the company's stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in CNH GLOBAL N V Foreign by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock worth $655,624,000 after purchasing an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $361,990,000. Vanguard Group Inc. bought a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $359,303,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $233,474,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $162,095,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Insider Activity at CNH GLOBAL N V Foreign

In related news, insider Kelly Manley sold 3,575 shares of the company'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 $45,402.50. Following the transaction, the insider now directly owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne Heywood sold 24,213 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 value of $281,839.32. Following the completion of the sale, the director now directly owns 551,858 shares of the company's stock, valued at $6,423,627.12. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,866 shares of company stock worth $5,081,828 in the last quarter. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI lifted their target price on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Citigroup increased their target price 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. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.92.

CNH GLOBAL N V Foreign Trading Down 1.5%

Shares of NYSE CNH traded down $0.19 during trading on Monday, reaching $12.77. The company had a trading volume of 17,826,470 shares, compared to its average volume of 13,154,979. The stock has a market cap of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. The company's fifty day moving average price is $12.12 and its 200-day moving average price is $12.11. 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 has a 12 month low of $9.28 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business 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. As a group, research analysts expect 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. Stockholders 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 dividend payout ratio is currently 57.32%.

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.