Laird Norton Wetherby Wealth Management LLC Makes New Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 71,361 shares of the company's stock, valued at approximately $809,000.

A number of other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $163,000. Eisler Capital Management Ltd. acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $2,985,000. Deprince Race & Zollo Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at $9,345,000. Captrust Financial Advisors bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth $2,287,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in CNH GLOBAL N V Foreign during the 4th quarter worth $1,311,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE:CNH traded up $0.01 on Tuesday, hitting $13.68. 2,108,300 shares of the company were exchanged, compared to its average volume of 12,997,359. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 13.29 and a beta of 1.50. The company's 50 day moving average price is $12.12 and its two-hundred day moving average price is $12.05. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21.

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 for the quarter, beating analysts' consensus estimates 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 net margin of 6.62% and a return on equity of 18.00%. The company's revenue was down 20.5% on a year-over-year basis. 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 firm also recently announced 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 of this dividend is Wednesday, May 21st. This represents a yield of 3.8%. CNH GLOBAL N V Foreign's payout ratio is currently 57.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CNH shares. Robert W. Baird reissued a "neutral" rating and set a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Northland Securities raised shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research report on Friday, April 11th. Citigroup boosted 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 research report on Monday, May 5th. Evercore ISI boosted 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 research report on Monday. Finally, Northland Capmk raised shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. One equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.92.

Insider Activity at CNH GLOBAL N V Foreign

In related news, CFO Oddone Incisa sold 22,515 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $285,940.50. Following the sale, the chief financial officer now owns 856,574 shares of the company's stock, valued at $10,878,489.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of the company's stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 432,866 shares of company stock valued at $5,081,828 over the last quarter. 1.00% of the stock is owned by company insiders.

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.