CNH GLOBAL N V Foreign Plans Annual Dividend of $0.25 (NYSE:CNH)

CNH GLOBAL N V Foreign (NYSE:CNH) declared an annual dividend on Tuesday, March 25th, Wall Street Journal reports. Investors of record on Wednesday, May 21st will be paid a dividend of 0.25 per share on Friday, May 30th. This represents a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st.

CNH GLOBAL N V Foreign has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNH GLOBAL N V Foreign to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 49.5%.

CNH GLOBAL N V Foreign Price Performance

Shares of NYSE CNH opened at $13.70 on Monday. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The business has a 50-day moving average of $12.10 and a 200-day moving average of $12.04. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 13.30 and a beta of 1.50. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm 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 firm’s quarterly revenue was down 20.5% on a year-over-year basis. As a group, sell-side analysts predict that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CNH shares. UBS Group upped their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Northland Securities raised shares of 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. StockNews.com began coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They set a “sell” rating for the company. Truist Financial lowered their price target on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer cut their price objective on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.75.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, Director Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $281,839.32. Following the transaction, the director now owns 551,858 shares in the company, valued at $6,423,627.12. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerrit A. Marx sold 320,472 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, the chief executive officer now directly owns 375,136 shares of the company’s stock, valued at $4,366,583.04. This trade represents a 46.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock worth $5,081,828 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

A hedge fund recently raised its stake in CNH GLOBAL N V Foreign stock. Integrated Wealth Concepts LLC increased its position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) by 12.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,143 shares of the company’s stock after acquiring an additional 1,772 shares during the period. Integrated Wealth Concepts LLC’s holdings in CNH GLOBAL N V Foreign were worth $198,000 at the end of the most recent reporting period. 59.88% of the stock is owned by hedge funds and other institutional investors.

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.