Thrivent Financial for Lutherans Buys 52,690 Shares of CNH Industrial N.V. $CNH

Thrivent Financial for Lutherans lifted its stake in CNH Industrial N.V. (NYSE:CNH) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,269,882 shares of the company’s stock after acquiring an additional 52,690 shares during the period. Thrivent Financial for Lutherans’ holdings in CNH Industrial were worth $76,249,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of CNH Industrial by 5.1% in the 3rd quarter. State Street Corp now owns 37,764,717 shares of the company’s stock worth $409,747,000 after acquiring an additional 1,834,076 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of CNH Industrial by 17.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock worth $282,868,000 after acquiring an additional 3,841,999 shares in the last quarter. Alliancebernstein L.P. grew its stake in CNH Industrial by 6.3% during the 3rd quarter. Alliancebernstein L.P. now owns 20,843,475 shares of the company’s stock worth $226,152,000 after buying an additional 1,239,952 shares during the last quarter. Tweedy Browne Co LLC increased its position in CNH Industrial by 51.9% during the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock valued at $186,068,000 after buying an additional 6,899,583 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in CNH Industrial by 14.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,492,138 shares of the company’s stock valued at $200,646,000 after buying an additional 2,338,847 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’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 sale, the insider owned 71,926 shares in the company, valued at $728,610.38. This represents a 40.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Stock Down 2.3%

Shares of CNH opened at $10.43 on Friday. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.46 and a beta of 1.18. The stock’s 50-day moving average price is $10.75 and its 200-day moving average price is $10.63.

CNH Industrial (NYSE:CNH) last issued its earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the business earned $0.10 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.41 EPS for the current year.

CNH Industrial Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 21st. This represents a dividend yield of 89.0%. CNH Industrial’s dividend payout ratio is presently 32.26%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNH. Robert W. Baird upped their target price on CNH Industrial from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group lowered CNH Industrial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $10.50 in a research report on Monday, May 11th. Truist Financial set a $16.00 target price on CNH Industrial in a research report on Friday, May 1st. Sanford C. Bernstein began coverage on CNH Industrial in a research report on Thursday, May 7th. They set a “market perform” rating and a $11.00 target price on the stock. Finally, Oppenheimer upped their target price on CNH Industrial from $13.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.77.

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.