CNH Industrial (CNH)

• Market cap: $15.5B
• 1 day: -2.67%
• 5 days: -2.28%
• 1 month: -3.65%
• 3 months: 10.70%
• 6 months: 11.80%
• Year to date: 11.90%
• 1 year: -4.24%
• 5 years: 112.50%
• 10 years: 51.16%
• Sector: Industrials
• Industry: Construction Machinery & Equipment

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 filings by fund managers ($100M+ AUM)

124% more first-time investments, than exits

New positions opened: 103 | 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] → 493 (+48) [Q4]

7% more capital invested

Capital invested by funds: $9.15B [Q3] → $9.78B (+$634M) [Q4]

3.02% more ownership

Funds ownership: 66.12% [Q3] → 69.14% (+3.02%) [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

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

• Low target: $13 5% upside
• Avg. target: $14.83 20% upside
• High target: $17 37% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Baird Mircea Dobre 53% 1-year accuracy 8 / 15 met price target	21% upside $15	Neutral Downgraded	3 Mar 2025
Evercore ISI Group	5% upside $13	In-Line Maintained	19 Feb 2025
Citigroup Kyle Menges 37% 1-year accuracy 10 / 27 met price target	21% upside $15	Buy Maintained	6 Feb 2025
Oppenheimer Kristen Owen 32% 1-year accuracy 13 / 41 met price target	29% upside $16	Outperform Upgraded	28 Jan 2025
JP Morgan Tami Zakaria 40% 1-year accuracy 14 / 35 met price target	5% upside $13	Neutral Maintained	15 Jan 2025