Nisa Investment Advisors LLC Sells 57 Shares of Deere & Company $DE

Nisa Investment Advisors LLC decreased its position in shares of Deere & Company (NYSE:DE) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,058 shares of the industrial products company’s stock after selling 57 shares during the period. Nisa Investment Advisors LLC’s holdings in Deere & Company were worth $49,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Brighton Jones LLC increased its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Deere & Company by 30.6% during the first quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company’s stock worth $1,753,000 after acquiring an additional 876 shares during the last quarter. Western Wealth Management LLC increased its holdings in shares of Deere & Company by 25.3% during the first quarter. Western Wealth Management LLC now owns 1,111 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 224 shares in the last quarter. Perpetual Ltd raised its position in shares of Deere & Company by 37.1% in the 1st quarter. Perpetual Ltd now owns 960 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 260 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its position in shares of Deere & Company by 8.7% in the 1st quarter. Beacon Financial Advisory LLC now owns 549 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 44 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 0.8%

DE opened at $473.01 on Friday. The stock has a market capitalization of $127.87 billion, a PE ratio of 24.73, a P/E/G ratio of 3.04 and a beta of 1.02. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The business’s 50 day moving average price is $469.88 and its 200 day moving average price is $489.02.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.29 earnings per share. As a group, equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

A number of research firms have issued reports on DE. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Oppenheimer reduced their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.