Insider Selling: CNH GLOBAL N V Foreign (NYSE:CNH) CFO Sells 22,515 Shares of Stock

CNH GLOBAL N V Foreign (NYSE:CNH) CFO Oddone Incisa sold 22,515 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 $285,940.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Oddone Incisa also recently made the following trade(s):

• On Tuesday, March 4th, Oddone Incisa sold 32,910 shares of CNH GLOBAL N V Foreign stock. The stock was sold at an average price of $11.64, for a total transaction of $383,072.40.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE CNH opened at $13.30 on Tuesday. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 12.91 and a beta of 1.50. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The firm’s 50 day simple moving average is $12.05 and its 200-day simple moving average is $11.96. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83.

CNH GLOBAL N V Foreign (NYSE:CNH) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping 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 business’s revenue was down 20.5% compared to the same quarter last year. Analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS 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. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is 57.32%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Advisor Alliance purchased a new position in shares of CNH GLOBAL N V Foreign during the 1st quarter valued at approximately $129,000. Nuveen LLC purchased a new position in shares of CNH GLOBAL N V Foreign during the 1st quarter valued at approximately $29,143,000. Virtu Financial LLC lifted its position in shares of CNH GLOBAL N V Foreign by 131.9% during the 1st quarter. Virtu Financial LLC now owns 79,254 shares of the company’s stock valued at $973,000 after buying an additional 45,072 shares in the last quarter. Invesco Ltd. lifted its position in shares of CNH GLOBAL N V Foreign by 89.1% during the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock valued at $60,264,000 after buying an additional 2,311,887 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of CNH GLOBAL N V Foreign during the 1st quarter valued at approximately $137,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNH. Morgan Stanley reduced their price target on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Oppenheimer reduced their price target on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Truist Financial reduced their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. 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. Finally, Evercore ISI raised their price target on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

CNH GLOBAL N V Foreign Company 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.