Nadler Financial Group Inc. Has $747,000 Position in Deere & Company (NYSE:DE)

Nadler Financial Group Inc. lowered its holdings in shares of Deere & Company (NYSE:DE) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868 shares of the industrial products company’s stock after selling 197 shares during the period. Nadler Financial Group Inc.’s holdings in Deere & Company were worth $747,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company in the 3rd quarter valued at $25,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $28,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the 4th quarter valued at $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $29,000. Finally, Bfsg LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 0.3 %

Shares of DE traded down $1.03 on Friday, hitting $393.03. The company’s stock had a trading volume of 276,798 shares, compared to its average volume of 1,463,312. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average price is $387.20 and its 200-day moving average price is $383.54. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The firm has a market capitalization of $109.40 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the firm earned $6.55 EPS. Deere & Company’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts expect that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Citigroup reduced their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Morgan Stanley assumed coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target on the stock. Finally, Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $433.28.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.