NEXT Financial Group Inc Has $664,000 Position in Deere & Company (DE)

NEXT Financial Group Inc lifted its position in shares of Deere & Company (NYSE:DE) by 12.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,193 shares of the industrial products company’s stock after buying an additional 560 shares during the quarter. NEXT Financial Group Inc’s holdings in Deere & were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Girard Partners LTD. lifted its stake in shares of Deere & by 96.5% during the 3rd quarter. Girard Partners LTD. now owns 3,345 shares of the industrial products company’s stock valued at $420,000 after buying an additional 1,643 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of Deere & during the 3rd quarter valued at $201,000. Cutler Investment Counsel LLC lifted its stake in shares of Deere & by 1.7% during the 3rd quarter. Cutler Investment Counsel LLC now owns 89,905 shares of the industrial products company’s stock valued at $11,291,000 after buying an additional 1,544 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Deere & during the 3rd quarter valued at $251,000. Finally, Blue Rock Advisors LLC purchased a new position in shares of Deere & during the 3rd quarter valued at $1,885,000. Institutional investors own 67.05% of the company’s stock.

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In other Deere & news, insider John C. May II sold 22,095 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the sale, the insider now directly owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the sale, the insider now directly owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The disclosure for this sale can be found here. Insiders have sold a total of 149,141 shares of company stock worth $18,694,199 over the last quarter. 0.75% of the stock is currently owned by insiders.

A number of analysts have issued reports on the stock. Argus reiterated a “buy” rating and issued a $140.00 price target on shares of Deere & in a report on Tuesday, August 22nd. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Deere & from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Deutsche Bank AG lifted their price target on shares of Deere & from $129.00 to $149.00 and gave the company a “hold” rating in a report on Thursday. Finally, Credit Suisse Group downgraded shares of Deere & from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $130.08.

Shares of Deere & Company (DE) traded up $1.16 during trading hours on Monday, reaching $135.77. 1,964,900 shares of the company traded hands, compared to its average volume of 2,348,028. The company has a market cap of $43,622.48, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.73. Deere & Company has a one year low of $91.33 and a one year high of $136.69. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90.

Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. analysts predict that Deere & Company will post 6.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a yield of 1.77%. Deere &’s payout ratio is 40.20%.

Deere & Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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

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