CNH Industrial
About: CNH Industrial NV is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations worldwide. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.
Employees: 40,496
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
54% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 57
8% more funds holding
Funds holding: 412 [Q1] → 443 (+31) [Q2]
1.15% more ownership
Funds ownership: 62.26% [Q1] → 63.41% (+1.15%) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 148
8% less call options, than puts
Call options by funds: $4.47M | Put options by funds: $4.86M
20% less capital invested
Capital invested by funds: $10.1B [Q1] → $8.07B (-$2.05B) [Q2]
22% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 7 (-2) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Raymond James Tim Thein 80% 1-year accuracy 4 / 5 met price target | 26%upside $14 | Outperform Upgraded | 24 Sept 2024 |
UBS | 26%upside $14 | Buy Maintained | 10 Sept 2024 |
Evercore ISI Group | 5%downside $10.50 | In-Line Maintained | 19 Aug 2024 |
BMO Capital Joel Jackson 60% 1-year accuracy 6 / 10 met price target | 1%downside $11 | Market Perform Initiated | 9 Aug 2024 |
Truist Securities Jamie Cook 77% 1-year accuracy 41 / 53 met price target | 35%upside $15 | Buy Reiterated | 1 Aug 2024 |
Financial journalist opinion
Based on 3 articles about CNH published over the past 30 days