OLD National Bancorp IN Has $12.96 Million Holdings in CNH Industrial N.V. $CNH

OLD National Bancorp IN cut its stake in CNH Industrial N.V. (NYSE:CNH) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,405,668 shares of the company’s stock after selling 88,993 shares during the period. OLD National Bancorp IN owned 0.11% of CNH Industrial worth $12,960,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in CNH Industrial in the third quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of CNH Industrial in the 3rd quarter valued at about $29,000. Elevation Wealth Partners LLC bought a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its stake in shares of CNH Industrial by 132.7% in the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after buying an additional 1,924 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in CNH Industrial during the 3rd quarter valued at about $37,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNH has been the topic of a number of recent analyst reports. Truist Financial set a $12.00 price target on shares of CNH Industrial in a research report on Wednesday, January 14th. iA Financial set a $13.00 target price on CNH Industrial in a report on Wednesday, January 14th. DA Davidson increased their price target on CNH Industrial from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Oppenheimer lifted their price target on CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $12.88.

CNH Industrial Stock Up 0.9%

CNH Industrial stock opened at $10.56 on Thursday. The firm has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $10.63. The company has a current ratio of 13.34, a quick ratio of 11.36 and a debt-to-equity ratio of 3.44. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.27. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.54 and a beta of 1.26.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $4.91 billion. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, analysts predict that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

CNH Industrial Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 21st. This represents a yield of 89.0%.

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.