Perigon Wealth Management LLC Makes New $725,000 Investment in CNH Industrial (NYSE:CNHI)

Perigon Wealth Management LLC purchased a new stake in CNH Industrial (NYSE:CNHI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 59,533 shares of the company’s stock, valued at approximately $725,000.

Other institutional investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. acquired a new position in CNH Industrial during the 1st quarter worth approximately $38,000. Captrust Financial Advisors raised its position in shares of CNH Industrial by 437.9% during the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after purchasing an additional 2,680 shares during the period. Alta Advisers Ltd bought a new position in shares of CNH Industrial in the 3rd quarter worth $40,000. BKM Wealth Management LLC acquired a new stake in CNH Industrial in the 4th quarter valued at $49,000. Finally, CWM LLC increased its stake in CNH Industrial by 29.3% during the 3rd quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after purchasing an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CNHI has been the subject of a number of analyst reports. DA Davidson began coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective for the company. Truist Financial started coverage on CNH Industrial in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective for the company. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 17th. Morgan Stanley assumed coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price for the company. Finally, Evercore ISI increased their price target on CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Price Performance

Shares of NYSE CNHI opened at $12.63 on Monday. The company has a 50 day moving average of $12.36 and a 200 day moving average of $11.73. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. The firm has a market cap of $15.87 billion, a P/E ratio of 7.22 and a beta of 1.65.

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

CNH Industrial Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. This represents a dividend yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th.

CNH Industrial Company 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.