Sheaff Brock Investment Advisors LLC Cuts Stake in Deere & Company (DE)

Sheaff Brock Investment Advisors LLC trimmed its position in Deere & Company (NYSE:DE) by 24.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,211 shares of the industrial products company’s stock after selling 1,396 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Deere & Company were worth $529,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TrueNorth Inc. raised its holdings in shares of Deere & Company by 14.3% during the 1st quarter. TrueNorth Inc. now owns 2,627 shares of the industrial products company’s stock valued at $286,000 after buying an additional 329 shares during the period. Park National Corp OH raised its holdings in shares of Deere & Company by 15.7% during the 2nd quarter. Park National Corp OH now owns 3,880 shares of the industrial products company’s stock valued at $479,000 after buying an additional 526 shares during the period. DnB Asset Management AS raised its holdings in shares of Deere & Company by 1.4% during the 2nd quarter. DnB Asset Management AS now owns 37,216 shares of the industrial products company’s stock valued at $4,600,000 after buying an additional 500 shares during the period. Stillwater Investment Management LLC raised its holdings in shares of Deere & Company by 0.5% during the 2nd quarter. Stillwater Investment Management LLC now owns 15,986 shares of the industrial products company’s stock valued at $1,976,000 after buying an additional 86 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Deere & Company by 20.1% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 35,927 shares of the industrial products company’s stock valued at $4,441,000 after buying an additional 6,006 shares during the period. Institutional investors own 67.75% of the company’s stock.

Several equities research analysts recently commented on DE shares. Goldman Sachs Group started coverage on Deere & Company in a report on Tuesday, August 8th. They set a “buy” rating on the stock. Jefferies Group reiterated a “hold” rating and set a $125.00 target price on shares of Deere & Company in a report on Wednesday, August 9th. Deutsche Bank reiterated a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Deere & Company in a report on Friday, August 11th. Bank of America downgraded Deere & Company from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a report on Tuesday, August 15th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $150.00 target price (up from $140.00) on shares of Deere & Company in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $140.33.

Shares of Deere & Company (DE) opened at $150.85 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. Deere & Company has a twelve month low of $100.05 and a twelve month high of $152.68. The stock has a market capitalization of $48,506.20, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same period in the previous year, the business earned $0.90 EPS. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts anticipate that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. Deere & Company’s payout ratio is 36.14%.

In other news, insider John C. May II sold 18,626 shares of Deere & Company stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the transaction, the insider now owns 37,462 shares in the company, valued at approximately $4,898,531.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of Deere & Company stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total value of $2,653,609.50. Following the completion of the transaction, the insider now owns 51,626 shares of the company’s stock, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,497 shares of company stock valued at $26,540,705. Insiders own 0.75% of the company’s stock.

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Deere & Company 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 & Company (NYSE:DE)

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