Norges Bank Acquires New Shares in CNH Industrial N.V. $CNH

Norges Bank acquired a new stake in CNH Industrial N.V. (NYSE:CNH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,655,662 shares of the company’s stock, valued at approximately $33,705,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. National Pension Service bought a new stake in CNH Industrial in the fourth quarter valued at about $2,620,000. Rothschild Investment LLC raised its stake in CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock worth $32,000 after buying an additional 3,295 shares during the period. Geode Capital Management LLC raised its stake in CNH Industrial by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 17,074,915 shares of the company’s stock worth $157,021,000 after buying an additional 176,860 shares during the period. Allstate Corp raised its stake in CNH Industrial by 119.6% during the 4th quarter. Allstate Corp now owns 97,181 shares of the company’s stock worth $896,000 after buying an additional 52,922 shares during the period. Finally, Clearstead Advisors LLC raised its stake in CNH Industrial by 52.5% during the 4th quarter. Clearstead Advisors LLC now owns 5,145 shares of the company’s stock worth $47,000 after buying an additional 1,771 shares during the period. Institutional investors own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Truist Financial set a $16.00 price objective on CNH Industrial in a research note on Friday, May 1st. Robert W. Baird raised their price objective on CNH Industrial from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Sanford C. Bernstein assumed coverage on CNH Industrial in a research note on Thursday, May 7th. They set a “market perform” rating and a $11.00 price objective on the stock. Finally, DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.77.

CNH Industrial Stock Performance

CNH opened at $10.70 on Tuesday. The business’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.67. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.27. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 3.32, a current ratio of 12.27 and a quick ratio of 10.17.

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

CNH Industrial Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.10 dividend. The ex-dividend date was Thursday, May 21st. This represents a dividend yield of 98.0%. CNH Industrial’s dividend payout ratio (DPR) is presently 32.26%.

Insider Buying and Selling at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.13, for a total value of $490,140.05. Following the completion of the transaction, the insider owned 71,926 shares in the company, valued at $728,610.38. This trade represents a 40.22% decrease in their position. The sale was disclosed in a legal filing 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 insiders.

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.