5 UK Dividend Stocks To Buy

2. CNH Industrial N.V. (NYSE:CNHI)

Dividend Yield as of March 29: 2.00%

Number of Hedge Fund Holders: 35

CNH Industrial N.V. (NYSE:CNHI) is based in London, providing agricultural and construction equipment, as well as specialty vehicles. On March 1, CNH Industrial N.V. (NYSE:CNHI) approved a share buyback program of up to €100 million. The company’s CEO, Scott W. Wine, on February 24 also purchased 150,000 common shares at an average price of $13.6881.

On March 4, CNH Industrial N.V. (NYSE:CNHI) declared a €0.11 per share annual dividend. The dividend will be paid on May 5, to shareholders of record on April 20. The stock yields 2% as of March 29. 

JPMorgan analyst Tami Zakaria on March 28 raised the price target on CNH Industrial N.V. (NYSE:CNHI) to $20 from $19 and maintained an Overweight rating on the shares.

Among the hedge funds tracked by Insider Monkey, 35 funds reported owning stakes in CNH Industrial N.V. (NYSE:CNHI) at the end of December last year, amounting to $1.4 billion. Harris Associates, the largest shareholder of CNH Industrial N.V. (NYSE:CNHI), owns approximately 98 million shares of the company worth $1.90 billion.

Here is what Longleaf Partners Fund has to say about CNH Industrial N.V. (NYSE:CNHI) in its Q4 2021 investor letter:

“CNH Industrial (55%, 2.51%; 16%, 0.65%), a leading farm equipment and commercial vehicle manufacturer globally, was another top performer for the year. CNH reported strong results throughout the year, beating our initial conservative expectations. The US agricultural cycle has been firmly in the company’s favor, driven by commodity price strength, healthy farm balance sheets, advanced technology adoption, and aging fleets feeding replacement demand. We believe we are past the mid-cycle but expect the strong upcycle to continue with the solid order books and strong visibility. On December 31, 2021, CNHI completed the demerger of its on-highway business, which includes its IVECO commercial vehicles and FPT powertrain businesses. This transaction creates a pure play off-highway company comprising the higher-multiple agricultural, construction and specialty vehicle businesses. We expect a narrowing of the discount to the net asset value once we have two focused companies valued at peer multiples.”