CNH Industrial (NYSE:CNH) Director Howard Buffett Buys 6,000 Shares of Stock

CNH Industrial N.V. (NYSE:CNH) Director Howard Buffett acquired 6,000 shares of CNH Industrial stock in a transaction on Tuesday, November 11th. The stock was acquired at an average cost of $9.68 per share, for a total transaction of $58,080.00. Following the purchase, the director owned 29,303 shares of the company’s stock, valued at approximately $283,653.04. This represents a 25.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CNH Industrial Trading Down 0.2%

NYSE:CNH traded down $0.03 during trading hours on Thursday, hitting $10.31. 8,586,347 shares of the stock were exchanged, compared to its average volume of 16,371,561. The company has a market capitalization of $12.89 billion, a P/E ratio of 15.78 and a beta of 1.52. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month 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 company’s 50 day moving average is $10.69 and its two-hundred day moving average is $12.01.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.22 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. CNH Industrial’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, sell-side analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CNH Industrial

Institutional investors have recently made changes to their positions in the stock. Callan Family Office LLC lifted its holdings in CNH Industrial by 324.7% during the second quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock valued at $1,147,000 after purchasing an additional 67,684 shares during the last quarter. Polianta Ltd purchased a new stake in shares of CNH Industrial during the second quarter valued at approximately $1,310,000. Y Intercept Hong Kong Ltd purchased a new stake in CNH Industrial in the 2nd quarter worth approximately $7,981,000. Strs Ohio increased its position in CNH Industrial by 41.8% during the 2nd quarter. Strs Ohio now owns 193,543 shares of the company’s stock valued at $2,508,000 after purchasing an additional 57,080 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its position in CNH Industrial by 64.6% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 214,393 shares of the company’s stock valued at $2,779,000 after acquiring an additional 84,138 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson reduced their price target on CNH Industrial from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group dropped their price target on CNH Industrial from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday. Citigroup dropped their price target on CNH Industrial from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday. Raymond James Financial dropped their price target on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of CNH Industrial from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

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.