Deere & Company $DE Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Deere & Company (NYSE:DE) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 101,260 shares of the industrial products company’s stock after acquiring an additional 4,202 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Deere & Company were worth $46,466,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Deere & Company in the second quarter worth $1,578,243,000. Marshall Wace LLP boosted its position in Deere & Company by 573.9% during the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after purchasing an additional 717,808 shares during the period. TD Asset Management Inc increased its holdings in Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after purchasing an additional 410,636 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Deere & Company by 97.1% during the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in shares of Deere & Company by 50,691.9% in the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock worth $168,910,000 after buying an additional 331,525 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 5.5%

Shares of NYSE DE opened at $501.27 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average price is $474.18 and its two-hundred day moving average price is $482.26. Deere & Company has a 52-week low of $403.01 and a 52-week high of $533.78. The stock has a market capitalization of $135.57 billion, a P/E ratio of 27.08, a PEG ratio of 1.82 and a beta of 1.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). The firm had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.55 earnings per share. On average, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Insider Buying and Selling at Deere & Company

In related news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total transaction 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. The trade was a 8.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $580.00 target price on shares of Deere & Company in a research report on Monday, December 1st. Royal Bank Of Canada cut their price objective on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a report on Friday, November 28th. Wolfe Research upped their price objective on shares of Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Morgan Stanley restated an “overweight” rating and set a $560.00 target price on shares of Deere & Company in a research note on Tuesday, December 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $460.00 price target on shares of Deere & Company 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $524.20.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.