977,800 Shares in CNH GLOBAL N V Foreign (NYSE:CNH) Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company 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 Securities and Exchange Commission. The institutional investor bought 977,800 shares of the company's stock, valued at approximately $11,078,000. The Manufacturers Life Insurance Company owned 0.08% of CNH GLOBAL N V Foreign as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CNH. Franklin Resources Inc. purchased a new position in shares of CNH GLOBAL N V Foreign in the third quarter worth about $637,235,000. Artisan Partners Limited Partnership bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at about $361,990,000. Vanguard Group Inc. bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $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 other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the 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 $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares of the company's stock, valued at $4,366,583.04. This trade represents a 46.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Oddone Incisa sold 32,910 shares of the business'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 $383,072.40. Following the sale, the chief financial officer now directly owns 821,156 shares of the company's stock, valued at approximately $9,558,255.84. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,620 shares of company stock valued at $4,570,097 over the last quarter. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Baird R W downgraded CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer decreased their price objective on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price objective on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Evercore ISI upped their price target on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, Citigroup upped 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 note on Monday. One 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

CNH GLOBAL N V Foreign Trading Up 1.3 %

Shares of CNH stock traded up $0.16 during trading hours on Friday, hitting $12.77. The company had a trading volume of 10,792,156 shares, compared to its average volume of 12,890,575. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The company's fifty day moving average is $12.02 and its 200 day moving average is $11.94. The stock has a market capitalization of $15.94 billion, a PE ratio of 12.40 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The firm's revenue for the quarter 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 fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given 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 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.