Sumitomo Mitsui DS Asset Management Company Ltd Invests $1.10 Million in CNH Industrial (NYSE:CNHI)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of CNH Industrial (NYSE:CNHI) in the 4th quarter, Holdings Channel reports. The fund purchased 90,534 shares of the company’s stock, valued at approximately $1,103,000.

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System bought a new position in CNH Industrial in the 4th quarter valued at about $3,429,000. Jump Financial LLC grew its position in CNH Industrial by 40.3% in the 3rd quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after buying an additional 60,398 shares in the last quarter. Vanguard Group Inc. grew its position in CNH Industrial by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after buying an additional 14,348,475 shares in the last quarter. Raymond James & Associates grew its position in CNH Industrial by 62.4% in the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock valued at $4,184,000 after buying an additional 131,965 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in CNH Industrial in the 3rd quarter valued at about $1,928,000. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Price Performance

CNHI stock opened at $11.38 on Friday. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The firm has a market capitalization of $14.30 billion, a PE ratio of 6.50 and a beta of 1.65. The firm has a 50-day moving average of $12.34 and a two-hundred day moving average of $11.74.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, analysts forecast that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be given a $0.47 dividend. This represents a dividend yield of 3.71%. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. CNH Industrial’s dividend payout ratio is 26.86%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNHI shares. Truist Financial started coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective for the company. DA Davidson started coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective for the company. Morgan Stanley started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price objective for the company. Robert W. Baird raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CNH Industrial presently has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.