OLD National Bancorp IN Acquires 118,815 Shares of CNH GLOBAL N V Foreign (NYSE:CNH)

OLD National Bancorp IN raised its position in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,251,355 shares of the company's stock after purchasing an additional 118,815 shares during the period. OLD National Bancorp IN owned 0.10% of CNH GLOBAL N V Foreign worth $15,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CNH. EverSource Wealth Advisors LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $25,000. Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $26,000. Anchor Investment Management LLC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $26,000. Finally, Principal Securities Inc. purchased a new position in CNH GLOBAL N V Foreign during the fourth quarter valued at approximately $27,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup raised their price target on shares of CNH GLOBAL N V Foreign from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Truist Financial dropped their price objective on 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. Evercore ISI boosted their target price on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Baird R W lowered CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Northland Capmk upgraded CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.08.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $27,355.80. Following the transaction, the chief technology officer now owns 32,762 shares in the company, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Oddone Incisa sold 22,515 shares of CNH GLOBAL N V Foreign stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the completion of the sale, the chief financial officer now directly owns 856,574 shares of the company's stock, valued at $10,878,489.80. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,246 shares of company stock valued at $511,732. Insiders own 0.23% of the company's stock.

CNH GLOBAL N V Foreign Trading Up 0.4%

Shares of NYSE CNH traded up $0.05 during trading hours on Wednesday, hitting $12.93. The company's stock had a trading volume of 13,751,909 shares, compared to its average volume of 13,562,474. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 12.55 and a beta of 1.52. 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 business has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $12.24.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.47 billion. The company's revenue for the quarter was down 20.5% on a year-over-year basis. On average, analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) 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.