Deere & Company $DE Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of Deere & Company (NYSE:DEFree Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,957 shares of the industrial products company’s stock after buying an additional 2,697 shares during the period. Nisa Investment Advisors LLC’s holdings in Deere & Company were worth $48,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in shares of Deere & Company during the second quarter valued at about $27,000. Strategic Advocates LLC acquired a new position in shares of Deere & Company in the third quarter worth about $25,000. Activest Wealth Management lifted its stake in shares of Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 27 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in Deere & Company in the third quarter valued at about $32,000. Finally, United Community Bank boosted its holdings in Deere & Company by 67.3% in the third quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DE. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Monday, December 29th. Jefferies Financial Group cut Deere & Company from a “hold” rating to an “underperform” rating and increased their target price for the company from $475.00 to $550.00 in a research note on Monday, February 23rd. Zacks Research raised shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Bank of America lifted their price target on shares of Deere & Company from $502.00 to $672.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Robert W. Baird upped their price target on shares of Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $644.70.

Read Our Latest Report on Deere & Company

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the sale, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Key Headlines Impacting Deere & Company

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

Deere & Company Trading Up 1.3%

Shares of NYSE DE opened at $562.92 on Wednesday. The stock’s 50 day moving average price is $581.59 and its two-hundred day moving average price is $511.06. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The stock has a market capitalization of $152.05 billion, a P/E ratio of 31.73, a PEG ratio of 1.94 and a beta of 0.96. 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 issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS 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 company had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter last year, the firm earned $3.19 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is 36.53%.

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.

Read More

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.