CNH Industrial (CNH)

• Market cap: $14.7B
• 1 day: 4.42%
• 5 days: 5.73%
• 1 month: -7.67%
• 3 months: -8.95%
• 6 months: 5.55%
• Year to date: 6.40%
• 1 year: 3.51%
• 5 years: 88.20%
• 10 years: 32.44%
• Sector: Industrials
• Industry: Farm & Heavy Construction Machinery

About: CNH Industrial is the world's second largest manufacturer of agricultural machinery (82% of industrial net sales) as well as a major player in construction equipment (18% of industrial net sales). Its Case and New Holland brands have served farmers for generations. Geographically, agriculture sales are 40% North America, 32% Europe, Middle East, and Africa, 18% South America, and 10% Asia-Pacific. CNH's products are available through a robust independent dealer network, which includes over 2,600 dealer and distribution locations and reach into 164 countries. The construction business leverages over 400 dealers. The company's captive finance arm provides retail financing to its customers as well as wholesale financing for dealers to maintain inventory, which supports sales.

Employees: 35,850

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

128% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 46

23% more repeat investments, than reductions

Existing positions increased: 184 | Existing positions reduced: 149

11% more funds holding

Funds holding: 445 [Q3] → 495 (+50) [Q4]

7% more capital invested

Capital invested by funds: $9.12B [Q3] → $9.78B (+$664M) [Q4]

3.24% more ownership

Funds ownership: 65.9% [Q3] → 69.14% (+3.24%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 8 [Q3] → 8 (+0) [Q4]

2% less call options, than puts

Call options by funds: $11M | Put options by funds: $11.2M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12 2% upside
• Avg. target: $14.63 24% upside
• High target: $18 53% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Oppenheimer Kristen Owen 42% 1-year accuracy 19 / 45 met price target	27% upside $15	Outperform Maintained	22 Apr 2025
Morgan Stanley Angel Castillo 38% 1-year accuracy 9 / 24 met price target	27% upside $15	Overweight Maintained	16 Apr 2025
Northland Capital Markets Ted Jackson 14% 1-year accuracy 2 / 14 met price target	53% upside $18	Outperform Upgraded	11 Apr 2025
Citigroup Kyle Menges 24% 1-year accuracy 9 / 37 met price target	2% upside $12	Buy Maintained	8 Apr 2025
Truist Securities Jamie Cook 31% 1-year accuracy 27 / 88 met price target	36% upside $16	Buy Maintained	8 Apr 2025