Handelsbanken Fonder AB Purchases 808,639 Shares of CNH Industrial N.V. $CNH

Handelsbanken Fonder AB increased its position in shares of CNH Industrial N.V. (NYSE:CNH) by 97.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,641,887 shares of the company’s stock after buying an additional 808,639 shares during the quarter. Handelsbanken Fonder AB’s holdings in CNH Industrial were worth $15,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in CNH Industrial by 5.1% during the 3rd quarter. State Street Corp now owns 37,764,717 shares of the company’s stock worth $409,747,000 after acquiring an additional 1,834,076 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in CNH Industrial by 17.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock worth $282,868,000 after acquiring an additional 3,841,999 shares during the last quarter. Alliancebernstein L.P. boosted its stake in CNH Industrial by 6.3% during the 3rd quarter. Alliancebernstein L.P. now owns 20,843,475 shares of the company’s stock worth $226,152,000 after acquiring an additional 1,239,952 shares during the last quarter. Tweedy Browne Co LLC boosted its stake in CNH Industrial by 51.9% during the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock worth $186,068,000 after acquiring an additional 6,899,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in CNH Industrial by 14.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,492,138 shares of the company’s stock worth $200,646,000 after acquiring an additional 2,338,847 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH opened at $10.16 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27. The firm’s 50 day moving average price is $10.68 and its two-hundred day moving average price is $10.63. The firm has a market cap of $12.59 billion, a P/E ratio of 32.76, a PEG ratio of 1.43 and a beta of 1.18.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was down .1% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. On average, analysts forecast that CNH Industrial N.V. will post 0.41 EPS for the current fiscal year.

CNH Industrial Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 21st. This represents a dividend yield of 98.0%.

Insider Activity

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $10.13, for a total value of $490,140.05. Following the sale, the insider directly owned 71,926 shares in the company, valued at $728,610.38. This trade represents a 40.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on CNH shares. Truist Financial set a $16.00 price objective on shares of CNH Industrial in a research note on Friday, May 1st. Oppenheimer lifted their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $10.50 in a research note on Monday, May 11th. Sanford C. Bernstein began coverage on shares of CNH Industrial in a research note on Thursday, May 7th. They issued a “market perform” rating and a $11.00 price target on the stock. Finally, Barclays lifted their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CNH Industrial currently has an average rating of “Hold” and a consensus price target of $12.77.

About CNH Industrial

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.