CNH GLOBAL N V Foreign (NYSE:CNH) Director Sells $140,373.10 in Stock

CNH GLOBAL N V Foreign (NYSE:CNH) Director Suzanne Heywood sold 11,053 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the transaction, the director now directly owns 566,905 shares in the company, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Suzanne Heywood also recently made the following trade(s):

• On Tuesday, March 4th, Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock. The shares were sold at an average price of $11.64, for a total value of $281,839.32.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH stock opened at $13.38 on Wednesday. The stock has a 50 day moving average of $12.08 and a two-hundred day moving average of $11.98. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a market capitalization of $16.72 billion, a P/E ratio of 12.99 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, equities analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $30,000. Nordea Investment Management AB bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $1,441,000. International Assets Investment Management LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $160,000. Wealth Enhancement Advisory Services LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $1,143,000. Finally, Graypoint LLC bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $233,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNH. Baird R W lowered CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Northland Securities raised 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 report on Friday, April 11th. Morgan Stanley lowered 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 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 report on Wednesday, February 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CNH GLOBAL N V Foreign has a consensus rating of “Moderate Buy” and an average price target of $14.75.

About CNH GLOBAL N V Foreign

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.