CNH Industrial (NYSE:CNH) Director Howard Buffett Acquires 4,100 Shares

CNH Industrial N.V. (NYSE:CNH) Director Howard Buffett purchased 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $10.29 per share, with a total value of $42,189.00. Following the completion of the acquisition, the director directly owned 33,403 shares in the company, valued at $343,716.87. The trade was a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CNH Industrial Trading Down 1.3%

Shares of CNH stock traded down $0.14 on Friday, reaching $9.97. 5,956,773 shares of the stock were exchanged, compared to its average volume of 16,369,094. The stock has a market cap of $12.42 billion, a PE ratio of 15.33 and a beta of 1.52. The stock has a 50 day moving average price of $10.66 and a 200 day moving average price of $11.99. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27.

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

Hedge Funds Weigh In On CNH Industrial

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

Analysts Set New Price Targets

CNH has been the subject of a number of recent analyst reports. Citigroup decreased 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. Oppenheimer cut their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. DA Davidson dropped their price objective on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays dropped their price target on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Finally, Raymond James Financial cut their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.