#6 - CNH Industrial (NYSE:CNH)
When you think about agricultural and construction equipment, there may be a “green” company that comes to mind. But you may want to consider CNH Industrial N.V. (NYSE: CNHI). One reason for that is its commitment to new energy solutions.
The company has an international reach and is expanding into areas like electric tractors and tractors powered by alternative fuels. CNH Industial also has clients in the areas of automation and artificial intelligence as it attempts to offer solutions in the growing desire for a circular economy. All of this positions CNH Industrial for a future that is getting greener, but will still rely on farming and construction equipment.
CNHI stock is only owned by 35% of institutional investors. But an attractive valuation and a dividend that has a 25% payout ratio as of June 2023, are just two reasons why CNHI stock should be on a retail investor’s watch list.
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.
More about CNH GLOBAL N V Foreign- Current Price
- $12.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $14.75 (15.5% Upside)
