Nichols & Pratt Advisers LLP MA Cuts Stock Position in Deere & Company (NYSE:DE)

Nichols & Pratt Advisers LLP MA trimmed its holdings in Deere & Company (NYSE:DE) by 56.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 625 shares of the industrial products company’s stock after selling 825 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Deere & Company were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DE. Morgan Stanley grew its holdings in Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after buying an additional 65,006 shares in the last quarter. FMR LLC increased its holdings in Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after acquiring an additional 269,571 shares during the last quarter. Northern Trust Corp lifted its stake in Deere & Company by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after purchasing an additional 73,601 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Deere & Company by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,773 shares of the industrial products company’s stock valued at $628,105,000 after purchasing an additional 31,074 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Deere & Company by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock valued at $592,098,000 after purchasing an additional 149,980 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Stifel Nicolaus reduced their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Wells Fargo & Company lowered their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Finally, Truist Financial started coverage on Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Trading Down 0.2 %

DE stock traded down $0.80 during mid-day trading on Friday, reaching $408.20. The company had a trading volume of 723,242 shares, compared to its average volume of 1,438,664. The firm has a 50 day moving average of $394.82 and a 200 day moving average of $384.55. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a market capitalization of $113.63 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period last year, the business posted $6.55 EPS. Deere & Company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th were paid a dividend of $1.47 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.44%. Deere & Company’s payout ratio is presently 17.12%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.