Hohimer Wealth Management LLC Purchases New Holdings in CNH Industrial N.V. $CNH

Hohimer Wealth Management LLC purchased a new stake in CNH Industrial N.V. (NYSE:CNH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 314,742 shares of the company’s stock, valued at approximately $4,044,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of CNH Industrial by 201.0% in the 3rd quarter. Brighton Jones LLC now owns 81,207 shares of the company’s stock valued at $1,044,000 after acquiring an additional 54,224 shares in the last quarter. Ethic Inc. lifted its position in shares of CNH Industrial by 37.5% during the 3rd quarter. Ethic Inc. now owns 14,504 shares of the company’s stock valued at $186,000 after acquiring an additional 3,955 shares during the period. Pictet Asset Management Holding SA raised its stake in CNH Industrial by 27.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,038,983 shares of the company’s stock worth $51,901,000 after buying an additional 864,032 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CNH Industrial by 20.6% in the 3rd quarter. Parallel Advisors LLC now owns 6,782 shares of the company’s stock worth $87,000 after purchasing an additional 1,158 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of CNH Industrial by 0.5% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,051,264 shares of the company’s stock valued at $13,509,000 after buying an additional 5,463 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNH shares. Robert W. Baird raised shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Monday, August 31st. BMO Capital Markets upped their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, August 4th. Finally, Truist Financial increased their target price on CNH Industrial from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.39.

CNH Industrial Stock Up 0.0%

Shares of CNH opened at $11.56 on Monday. The company has a market capitalization of $14.31 billion, a PE ratio of 46.26 and a beta of 1.23. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. CNH Industrial N.V. has a 12-month low of $9.00 and a 12-month high of $14.46. The business’s 50 day moving average is $12.55 and its 200 day moving average is $11.35.

CNH Industrial Company Profile

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.