Nilsine Partners LLC Has $984,000 Stock Holdings in Deere & Company $DE

Nilsine Partners LLC trimmed its position in Deere & Company (NYSE:DE) by 63.7% during the third quarter, Holdings Channel reports. The institutional investor owned 2,152 shares of the industrial products company’s stock after selling 3,783 shares during the quarter. Nilsine Partners LLC’s holdings in Deere & Company were worth $984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Brighton Jones LLC raised its holdings 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 worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Deere & Company during the 1st quarter worth approximately $743,000. Legacy Financial Advisors Inc. raised its stake in shares of Deere & Company by 5.6% during the first quarter. Legacy Financial Advisors Inc. now owns 1,730 shares of the industrial products company’s stock worth $812,000 after buying an additional 91 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Deere & Company by 10.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,899 shares of the industrial products company’s stock valued at $11,686,000 after buying an additional 2,368 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its stake in Deere & Company by 1.2% in the first quarter. Berkshire Asset Management LLC PA now owns 71,516 shares of the industrial products company’s stock valued at $35,042,000 after acquiring an additional 875 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on DE shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of Deere & Company in a research report on Tuesday, December 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $560.00 price objective on shares of Deere & Company in a research note on Tuesday, December 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $460.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. Wells Fargo & Company began coverage on Deere & Company in a report on Thursday, November 13th. They set an “overweight” rating and a $543.00 target price on the stock. Finally, Jefferies Financial Group upped their price target on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $523.70.

Insiders Place Their Bets

In other news, CEO John C. May II sold 11,106 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the transaction, the chief executive officer owned 112,453 shares in the company, valued at $56,235,496.24. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $486.06 on Wednesday. Deere & Company has a 1-year low of $403.01 and a 1-year high of $533.78. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The firm has a market cap of $131.40 billion, a PE ratio of 26.26, a P/E/G ratio of 1.84 and a beta of 1.00. The business’s 50-day moving average price is $470.12 and its two-hundred day moving average price is $487.16.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the business earned $4.55 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. Deere & Company’s payout ratio is presently 35.01%.

Deere & Company 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.