Principal Financial Group Inc. Increases Stock Position in CNH Industrial N.V. $CNH

Principal Financial Group Inc. boosted its stake in CNH Industrial N.V. (NYSE:CNH) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,974,955 shares of the company’s stock after buying an additional 71,389 shares during the quarter. Principal Financial Group Inc.’s holdings in CNH Industrial were worth $21,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of CNH Industrial by 395.2% during the fourth quarter. AQR Capital Management LLC now owns 17,308,839 shares of the company’s stock valued at $159,587,000 after purchasing an additional 13,813,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of CNH Industrial in the fourth quarter worth about $89,964,000. Dimensional Fund Advisors LP lifted its position in shares of CNH Industrial by 45.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock worth $247,338,000 after buying an additional 8,332,615 shares in the last quarter. Tweedy Browne Co LLC boosted its stake in CNH Industrial by 51.9% during the fourth quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock valued at $186,068,000 after buying an additional 6,899,583 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in CNH Industrial by 180.9% during the fourth quarter. Millennium Management LLC now owns 6,825,862 shares of the company’s stock valued at $62,934,000 after buying an additional 4,395,896 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Up 0.4%

Shares of NYSE:CNH opened at $10.38 on Wednesday. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.39 and a beta of 1.14. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $13.48. The company has a current ratio of 12.27, a quick ratio of 10.17 and a debt-to-equity ratio of 3.32. The company has a 50-day moving average price of $10.54 and a 200 day moving average price of $10.90.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. As a group, equities research analysts predict that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

CNH has been the subject of several research analyst reports. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $10.50 in a report on Monday, May 11th. Sanford C. Bernstein assumed coverage on CNH Industrial in a report on Thursday, May 7th. They set a “market perform” rating and a $11.00 price objective on the stock. Evercore set a $12.25 target price on CNH Industrial in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on shares of CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Finally, Barclays boosted their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.77.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total value of $490,140.05. Following the completion of the transaction, the insider owned 71,926 shares in the company, valued at approximately $728,610.38. The trade was a 40.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.18% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.