Carnegie Investment Counsel Invests $130,000 in CNH Industrial N.V. $CNH

Carnegie Investment Counsel acquired a new position in shares of CNH Industrial N.V. (NYSE:CNH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $130,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake 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 purchasing an additional 999 shares during the period. TD Private Client Wealth LLC grew its stake in 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 acquiring an additional 1,066 shares during the period. Louisiana State Employees Retirement System grew its stake in CNH Industrial by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock valued at $3,188,000 after acquiring an additional 1,100 shares during the period. Belpointe Asset Management LLC grew its stake in CNH Industrial by 9.8% in the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock valued at $173,000 after acquiring an additional 1,251 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in CNH Industrial by 3.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock valued at $457,000 after acquiring an additional 1,280 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CNH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Raymond James Financial dropped their price target on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Barclays dropped their price target 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. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, Truist Financial lowered their target price on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CNH Industrial currently has an average rating of “Moderate Buy” and a consensus price target of $14.65.

Insider Activity at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the sale, the insider directly owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

CNH Industrial Stock Up 0.5%

NYSE CNH opened at $10.84 on Tuesday. CNH Industrial N.V. has a 52 week low of $9.87 and a 52 week high of $14.27. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The business’s fifty day simple moving average is $11.07 and its 200-day simple moving average is $12.10. The firm has a market cap of $13.55 billion, a PE ratio of 16.67 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current 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.