Sumitomo Mitsui Trust Group Inc. Has $19.03 Million Stock Holdings in CNH Industrial N.V. $CNH

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in CNH Industrial N.V. (NYSE:CNH) by 16.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,729,681 shares of the company’s stock after selling 331,592 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CNH Industrial were worth $19,026,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of CNH Industrial by 395.2% during the fourth quarter. AQR Capital Management LLC now owns 17,308,839 shares of the company’s stock worth $159,587,000 after acquiring an additional 13,813,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CNH Industrial in the 4th quarter valued at about $89,964,000. Dimensional Fund Advisors LP boosted its stake in CNH Industrial by 45.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock valued at $247,338,000 after purchasing an additional 8,332,615 shares during the last quarter. Tweedy Browne Co LLC boosted its stake 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 purchasing an additional 6,899,583 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in CNH Industrial by 180.9% during the 4th quarter. Millennium Management LLC now owns 6,825,862 shares of the company’s stock worth $62,934,000 after purchasing an additional 4,395,896 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction on Monday, May 4th. The stock was sold at an average price of $10.13, for a total transaction of $490,140.05. Following the sale, the insider directly owned 71,926 shares in the company, valued at approximately $728,610.38. This trade represents a 40.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNH. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.00 to $10.50 in a research note on Monday, May 11th. Truist Financial set a $16.00 price target on CNH Industrial in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Monday. Citigroup raised their price objective on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.77.

CNH Industrial Trading Down 0.2%

NYSE:CNH opened at $10.43 on Tuesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $13.48. The firm has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.85.

CNH Industrial (NYSE:CNH) last announced its earnings results on Thursday, April 30th. The company reported $0.01 earnings per share 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 previous year, the business earned $0.10 EPS. 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, equities analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current fiscal year.

About CNH Industrial

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.