Tweedy Browne Co LLC decreased its stake in CNH Industrial (NYSE:CNHI – Get Rating) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 906,941 shares of the company’s stock after selling 60,862 shares during the quarter. CNH Industrial accounts for about 0.8% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 22nd largest holding. Tweedy Browne Co LLC owned 0.07% of CNH Industrial worth $14,565,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Captrust Financial Advisors raised its stake in shares of CNH Industrial by 437.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after purchasing an additional 2,680 shares in the last quarter. CWM LLC increased its position in CNH Industrial by 1,419.3% during the third quarter. CWM LLC now owns 3,707 shares of the company’s stock worth $41,000 after buying an additional 3,463 shares during the last quarter. Bessemer Group Inc. bought a new position in CNH Industrial during the third quarter valued at about $49,000. National Bank of Canada FI lifted its position in shares of CNH Industrial by 19.2% in the fourth quarter. National Bank of Canada FI now owns 6,102 shares of the company’s stock worth $99,000 after buying an additional 984 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of CNH Industrial during the 3rd quarter worth about $120,000. Institutional investors and hedge funds own 38.37% of the company’s stock.
CNH Industrial Price Performance
CNH Industrial stock traded down $0.32 during mid-day trading on Tuesday, reaching $13.70. The company had a trading volume of 1,398,919 shares, compared to its average volume of 4,674,501. CNH Industrial has a fifty-two week low of $10.60 and a fifty-two week high of $17.98. The business has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $15.51. The company has a current ratio of 7.15, a quick ratio of 5.99 and a debt-to-equity ratio of 3.31. The company has a market cap of $18.35 billion, a P/E ratio of 8.82 and a beta of 1.63.
CNH Industrial (NYSE:CNHI – Get Rating) last announced its earnings results on Friday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. CNH Industrial had a return on equity of 31.93% and a net margin of 8.98%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that CNH Industrial will post 1.69 earnings per share for the current year.
CNH Industrial Increases Dividend
The business also recently announced an annual dividend, which was paid on Saturday, April 22nd. Investors of record on Tuesday, April 25th were given a dividend of $0.3861 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Monday, April 24th. This is an increase from CNH Industrial’s previous annual dividend of $0.31. CNH Industrial’s payout ratio is presently 9.31%.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. StockNews.com upgraded CNH Industrial from a “hold” rating to a “buy” rating in a research note on Friday, May 5th. Berenberg Bank began coverage on CNH Industrial in a report on Friday, January 27th. They issued a “buy” rating and a $31.00 price target for the company. Oppenheimer reduced their target price on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Robert W. Baird raised their price objective on shares of CNH Industrial from $17.00 to $21.00 in a report on Thursday, February 2nd. Finally, Morgan Stanley cut their price target on shares of CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.43.
CNH Industrial Company Profile
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.