CNH Industrial director Heywood sells $281,839 in shares

Suzanne Heywood, a director at CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), recently sold 24,213 common shares of the company, according to a recent SEC filing. The shares were sold on March 4th at a price of $11.64 each, amounting to a total transaction value of $281,839. The transaction comes as CNH Industrial, currently valued at $15.2 billion, trades near $11.77 per share. According to InvestingPro analysis, the stock appears fairly valued based on its proprietary Fair Value model. This sale was made to cover tax withholding obligations related to the vesting of performance share units from the company’s 2022-2024 Long-Term Incentive Plan.

Following this transaction, Heywood retains direct ownership of 551,858 shares in CNH Industrial. Earlier, on February 28th, she acquired 46,902 common shares at no cost, as part of the vesting of performance share units linked to the achievement of specific performance criteria.

In other recent news, CNH Industrial reported a significant revenue decline of 23% for 2024, with expectations of an additional 18% contraction in 2025, according to S&P Global Ratings. This downturn in the agricultural equipment market has led S&P to revise its outlook on CNH Industrial from stable to negative. Meanwhile, CFRA analyst Nazmi Ghazali raised the stock price target for CNH Industrial to $13, maintaining a Hold rating, despite the company’s fourth-quarter revenue drop of 28% year-over-year.

Citi analyst Kyle Menges also adjusted CNH Global’s price target, increasing it to $15 while reiterating a Buy rating, citing effective inventory management and cost-reduction efforts as positive factors. Baird analysts, however, downgraded CNH Global from Outperform to Neutral, reflecting a cautious stance on the company’s near-term growth prospects and adjusting the price target to $15. DA Davidson raised its price target for CNH Global to $14, maintaining a Neutral stance, acknowledging the company’s progress in enhancing its cost structure but noting ongoing challenges in the agriculture sector.

CNH Industrial has provided guidance for 2025, anticipating a decrease in net sales for both the Agriculture and Construction segments and forecasting free cash flow between $200 million and $500 million. The company’s management remains committed to a conservative financial policy, focusing on preserving cash flow and maintaining its credit rating. These recent developments highlight the challenges and strategic adjustments CNH Industrial is navigating in response to market conditions.

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