Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in CNH Industrial N.V. $CNH

Sumitomo Mitsui Trust Group Inc. trimmed its position in CNH Industrial N.V. (NYSE:CNH) by 2.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,012,119 shares of the company’s stock after selling 41,886 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CNH Industrial were worth $26,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Callan Family Office LLC raised its stake in shares of CNH Industrial by 324.7% in the second quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after buying an additional 67,684 shares during the period. Teacher Retirement System of Texas bought a new position in shares of CNH Industrial in the first quarter worth about $1,570,000. Polianta Ltd bought a new position in shares of CNH Industrial in the second quarter worth about $1,310,000. GAMMA Investing LLC raised its stake in shares of CNH Industrial by 169.2% in the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company’s stock worth $89,000 after buying an additional 4,541 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of CNH Industrial by 64.6% in the second quarter. Bank Pictet & Cie Europe AG now owns 214,393 shares of the company’s stock worth $2,779,000 after buying an additional 84,138 shares during the period. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Down 1.9%

Shares of CNH opened at $10.63 on Wednesday. The business’s 50 day moving average is $11.04 and its 200 day moving average is $12.10. The company has a market capitalization of $13.29 billion, a PE ratio of 16.35 and a beta of 1.51. CNH Industrial N.V. has a 12-month low of $9.87 and a 12-month high of $14.27. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the sale, the insider owned 14,940 shares of the company’s stock, valued at $187,198.20. The trade was a 45.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on CNH shares. Barclays decreased their price objective on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Truist Financial decreased their price objective on CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Raymond James Financial decreased their price objective on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, CNH Industrial presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.65.

About CNH Industrial

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.