Sigma Planning Corp Has $4.54 Million Stock Position in Deere & Company $DE

Sigma Planning Corp increased its stake in shares of Deere & Company (NYSE:DEFree Report) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,922 shares of the industrial products company’s stock after buying an additional 1,139 shares during the quarter. Sigma Planning Corp’s holdings in Deere & Company were worth $4,537,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT lifted its holdings in shares of Deere & Company by 31.4% during the third quarter. Alliance Wealth Advisors LLC UT now owns 882 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 211 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its position in shares of Deere & Company by 2.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 81,761 shares of the industrial products company’s stock worth $37,386,000 after purchasing an additional 2,320 shares in the last quarter. Dearborn Partners LLC lifted its holdings in Deere & Company by 1.8% during the 3rd quarter. Dearborn Partners LLC now owns 6,825 shares of the industrial products company’s stock valued at $3,121,000 after purchasing an additional 123 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Deere & Company by 62.0% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,212 shares of the industrial products company’s stock valued at $3,298,000 after buying an additional 2,760 shares in the last quarter. Finally, Lion Street Advisors LLC grew its stake in Deere & Company by 113.4% during the third quarter. Lion Street Advisors LLC now owns 1,532 shares of the industrial products company’s stock worth $701,000 after buying an additional 814 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Insider Activity at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the transaction, the chief executive officer owned 117,970 shares in the company, valued at $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,578 shares of company stock worth $32,471,682 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

Deere & Company News Summary

Here are the key news stories impacting Deere & Company this week:

Deere & Company Trading Up 0.1%

Shares of DE opened at $662.74 on Monday. The stock’s fifty day simple moving average is $522.56 and its 200-day simple moving average is $491.02. The firm has a market capitalization of $179.65 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. Deere & Company has a 12-month low of $404.42 and a 12-month high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the previous year, the business posted $3.19 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s payout ratio is 36.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DE. Jefferies Financial Group cut shares of Deere & Company from a “hold” rating to an “underperform” rating in a research note on Monday. Wells Fargo & Company lifted their price objective on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday. Wolfe Research increased their target price on Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Zacks Research upgraded Deere & Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $560.00 price target on shares of Deere & Company in a research report on Tuesday, December 9th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $607.20.

Check Out Our Latest Analysis on DE

Deere & Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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