Franklin Resources Inc. Sells 7,897,175 Shares of CNH Industrial N.V. $CNH

Franklin Resources Inc. lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,656,979 shares of the company’s stock after selling 7,897,175 shares during the quarter. Franklin Resources Inc. owned about 3.97% of CNH Industrial worth $643,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CNH. Public Employees Retirement System of Ohio grew its holdings in shares of CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock worth $3,947,000 after acquiring an additional 999 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of CNH Industrial by 1.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock valued at $755,000 after purchasing an additional 1,066 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of CNH Industrial by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock valued at $3,188,000 after purchasing an additional 1,100 shares in the last quarter. MAI Capital Management grew its stake in CNH Industrial by 17.0% in the second quarter. MAI Capital Management now owns 7,796 shares of the company’s stock worth $101,000 after purchasing an additional 1,133 shares during the period. Finally, Belpointe Asset Management LLC raised its holdings in CNH Industrial by 9.8% in the first quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock worth $173,000 after purchasing an additional 1,251 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNH has been the topic of a number of research reports. UBS Group dropped their target price on shares of CNH Industrial from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Barclays dropped their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Citigroup decreased their target price on shares of CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Raymond James Financial dropped their price target on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $13.00 price objective (down previously from $14.00) on shares of CNH Industrial in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial presently has an average rating of “Moderate Buy” and a consensus target price of $13.67.

Insider Transactions at CNH Industrial

In related news, Director Vagn O. Sorensen purchased 10,385 shares of CNH Industrial stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average cost of $9.62 per share, for a total transaction of $99,903.70. Following the completion of the purchase, the director directly owned 40,396 shares of the company’s stock, valued at $388,609.52. The trade was a 34.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Suzanne Heywood acquired 52,522 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the transaction, the director owned 619,427 shares of the company’s stock, valued at $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 73,007 shares of company stock worth $700,182 over the last three months. 1.00% of the stock is currently owned by company insiders.

CNH Industrial Stock Up 3.3%

CNH Industrial stock opened at $9.71 on Friday. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.27. The stock has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $11.90. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 14.94 and a beta of 1.52.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the business earned $0.24 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Equities analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

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.