Laird Norton Wetherby Wealth Management LLC Invests $809,000 in CNH GLOBAL N V Foreign (NYSE:CNH)

Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) in the 4th quarter, Holdings Channel reports. The fund acquired 71,361 shares of the company’s stock, valued at approximately $809,000.

Several other institutional investors and hedge funds also recently modified their holdings of CNH. Colonial Trust Co SC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. Quent Capital LLC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Anchor Investment Management LLC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Finally, Farther Finance Advisors LLC bought a new stake in CNH GLOBAL N V Foreign during the fourth quarter worth about $27,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CFO Oddone Incisa sold 32,910 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $383,072.40. Following the transaction, the chief financial officer now owns 821,156 shares in the company, valued at $9,558,255.84. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerrit A. Marx sold 320,472 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. This trade represents a 46.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,098 shares of company stock worth $5,071,583. Company insiders own 1.00% of the company’s stock.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE CNH opened at $13.31 on Thursday. The firm has a market cap of $16.63 billion, a P/E ratio of 12.92 and a beta of 1.50. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The business’s 50 day moving average is $12.09 and its 200-day moving average is $12.01.

CNH GLOBAL N V Foreign (NYSE:CNH) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The company’s revenue for the quarter was down 20.5% on a year-over-year basis. Equities research analysts predict 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 company also recently announced an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is currently 57.32%.

Wall Street Analysts Forecast Growth

CNH has been the topic of several analyst reports. Northland Securities upgraded CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Friday, April 11th. Truist Financial dropped their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price 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. Baird R W lowered CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Robert W. Baird reiterated 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 report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.