NEXT Financial Group Inc cut its position in Deere & Company (NYSE:DE) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,162 shares of the industrial products company’s stock after selling 1,031 shares during the quarter. NEXT Financial Group Inc’s holdings in Deere & Company were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. E&G Advisors LP purchased a new position in Deere & Company in the fourth quarter valued at $313,000. Bank of Montreal Can boosted its holdings in Deere & Company by 6.7% in the fourth quarter. Bank of Montreal Can now owns 551,678 shares of the industrial products company’s stock valued at $86,344,000 after purchasing an additional 34,750 shares during the period. Private Trust Co. NA boosted its holdings in Deere & Company by 23.1% in the fourth quarter. Private Trust Co. NA now owns 2,169 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 407 shares during the period. Factory Mutual Insurance Co. boosted its holdings in Deere & Company by 13.9% in the fourth quarter. Factory Mutual Insurance Co. now owns 136,700 shares of the industrial products company’s stock valued at $21,395,000 after purchasing an additional 16,700 shares during the period. Finally, Gofen & Glossberg LLC IL boosted its holdings in Deere & Company by 1.3% in the fourth quarter. Gofen & Glossberg LLC IL now owns 85,696 shares of the industrial products company’s stock valued at $13,412,000 after purchasing an additional 1,117 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

In other news, insider Max A. Guinn sold 11,235 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $168.68, for a total value of $1,895,119.80. Following the completion of the sale, the insider now directly owns 39,406 shares of the company’s stock, valued at approximately $6,647,004.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the completion of the sale, the insider now directly owns 11,383 shares of the company’s stock, valued at $1,724,979.82. The disclosure for this sale can be found here. Insiders have sold a total of 246,097 shares of company stock valued at $35,868,394 over the last ninety days. 0.75% of the stock is owned by company insiders.

Shares of Deere & Company (NYSE:DE) traded down $1.76 during midday trading on Tuesday, reaching $167.54. The company’s stock had a trading volume of 2,046,074 shares, compared to its average volume of 2,050,000. The stock has a market cap of $53,830.00, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 12 month low of $104.10 and a 12 month high of $170.73.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. equities analysts anticipate that Deere & Company will post 8.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 36.09%.

A number of research analysts recently issued reports on the company. Royal Bank of Canada upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $190.00 to $155.00 in a report on Wednesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating and issued a $200.00 target price (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and issued a $185.00 target price on shares of Deere & Company in a report on Friday. Barclays upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price for the company in a report on Wednesday, January 10th. Finally, Citigroup lifted their target price on Deere & Company from $165.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $148.63.

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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.

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

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