CNH Industrial’s HR chief Manley Kelly sells $65,335 in stock

Published 05/03/2025, 03:14
CNH Industrial’s HR chief Manley Kelly sells $65,335 in stock

Manley Kelly, the Chief Human Resources Officer at CNH Industrial (BIT:CNHI) N.V. (NYSE:CNH), recently sold a portion of the company’s common shares amid the stock’s 7.5% decline over the past week. According to a recent SEC filing, Kelly sold 5,613 shares on March 4, 2025, at a price of $11.64 per share, amounting to a total transaction value of $65,335. This sale was executed to cover tax withholding obligations related to the vesting of performance share units (PSUs). The transaction occurs as InvestingPro data shows management has been actively buying back shares.

Prior to this transaction, on February 28, 2025, Kelly acquired 19,448 common shares at no cost. These shares were granted through CNH Industrial’s 2022-2024 Long-Term Incentive Plan, following the achievement of certain performance criteria.

After these transactions, Kelly’s total direct ownership stands at 148,815 shares.

In other recent news, CNH Industrial reported a significant revenue decline of 23% for 2024, with expectations of a further contraction of around 18% in 2025, according to S&P Global Ratings. The downturn in the agricultural equipment sector is sharper than initially anticipated, impacting profitability with EBITDA margins forecasted to fall below the target. Meanwhile, CFRA analyst Nazmi Ghazali raised the price target for CNH Industrial to $13, citing a cautious outlook due to challenging market conditions expected to persist through the first half of 2025.

Baird analysts downgraded CNH Global from Outperform to Neutral, lowering the price target to $15, reflecting concerns about near-term growth prospects and dealer destocking. Citi analyst Kyle Menges raised the price target for CNH Global to $15, maintaining a Buy rating, driven by effective inventory management and cost-reduction efforts. DA Davidson also adjusted its price target for CNH Global to $14, maintaining a Neutral stance while acknowledging ongoing challenges in the agriculture sector.

Despite these challenges, CNH Industrial is taking measures to preserve cash flow and maintain its credit rating, with capital expenditure expected to remain steady. The company’s management remains committed to a conservative financial policy, preparing its supply chain for the next cycle. Investors are closely watching these developments as CNH navigates a complex market environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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