Deere & Company (NYSE:DE) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors decreased its stake in Deere & Company (NYSE:DE) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,722 shares of the industrial products company’s stock after selling 75 shares during the period. JNBA Financial Advisors’ holdings in Deere & Company were worth $808,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Deere & Company by 39.1% in 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 during the last quarter. SVB Wealth LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $1,525,000. Maia Wealth LLC increased its stake in shares of Deere & Company by 3.6% during the fourth quarter. Maia Wealth LLC now owns 1,074 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 37 shares during the period. Smartleaf Asset Management LLC raised its holdings in Deere & Company by 21.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,468 shares of the industrial products company’s stock worth $1,473,000 after purchasing an additional 603 shares in the last quarter. Finally, Norden Group LLC lifted its position in Deere & Company by 5.2% in the fourth quarter. Norden Group LLC now owns 792 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 39 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DE has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. UBS Group dropped their price objective on Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Evercore ISI increased their price objective on Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Barclays raised their target price on Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $515.19.

Deere & Company Trading Down 0.9%

Shares of DE stock opened at $508.58 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The firm’s 50 day moving average price is $501.87 and its two-hundred day moving average price is $473.62. The stock has a market cap of $137.74 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company earned $8.53 EPS. The firm’s revenue was down 17.9% on a year-over-year basis. On average, analysts anticipate 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 Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio is presently 31.35%.

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.