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

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

CNH GLOBAL N V Foreign has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. 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

CNH stock opened at $13.70 on Monday. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The stock’s 50 day moving average is $12.10 and its two-hundred day moving average is $12.04. The company has a market capitalization of $17.11 billion, a PE ratio of 13.30 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% compared to the same quarter last year. Analysts predict that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Jay Schroeder sold 2,154 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the sale, the chief technology officer now owns 32,762 shares in the company, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kelly Manley sold 3,575 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the completion of the sale, the insider now owns 161,473 shares of the company’s stock, valued at approximately $2,050,707.10. This trade represents a 2.17% 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 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Investors 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 lifted its stake in shares of CNH GLOBAL N V Foreign (NYSE:CNH) by 12.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,143 shares of the company’s stock after purchasing 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 quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CNH shares. Citigroup boosted their price target on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a “buy” rating in a report on Monday, May 5th. Northland Securities upgraded CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Friday, April 11th. Morgan Stanley lowered their price target on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. UBS Group boosted their price target on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

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.