CNH GLOBAL N V Foreign (NYSE:CNH) CFO Sells $285,940.50 in Stock

CNH GLOBAL N V Foreign (NYSE:CNH) CFO Oddone Incisa sold 22,515 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $285,940.50. Following the sale, the chief financial officer now owns 856,574 shares in the company, valued at $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $11.64, for a total value of $383,072.40.

CNH GLOBAL N V Foreign Trading Down 0.4%

Shares of CNH GLOBAL N V Foreign stock opened at $13.31 on Thursday. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm’s 50-day moving average price is $12.09 and its 200 day moving average price is $12.01. CNH GLOBAL N V Foreign has a twelve month low of $9.28 and a twelve month high of $13.87. The firm has a market capitalization of $16.63 billion, a PE ratio of 12.92 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last released 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. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, sell-side analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be paid a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is 57.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CNH shares. Morgan Stanley dropped their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Evercore ISI raised their target price on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. 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 research report on Friday, April 11th. Citigroup raised their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CNH GLOBAL N V Foreign presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in CNH GLOBAL N V Foreign by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after purchasing an additional 58,991,632 shares in the last quarter. Franklin Resources Inc. lifted its stake in CNH GLOBAL N V Foreign by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company’s stock worth $655,624,000 after purchasing an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $361,990,000. Charles Schwab Investment Management Inc. lifted its stake in CNH GLOBAL N V Foreign by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock worth $257,719,000 after purchasing an additional 395,005 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CNH GLOBAL N V Foreign by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock worth $181,481,000 after buying an additional 471,610 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

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.