Nicola Wealth Management LTD. Has $20.81 Million Stake in Deere & Company $DE

Nicola Wealth Management LTD. raised its stake in shares of Deere & Company (NYSE:DE) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,500 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. Deere & Company comprises 1.9% of Nicola Wealth Management LTD.’s portfolio, making the stock its 18th biggest position. Nicola Wealth Management LTD.’s holdings in Deere & Company were worth $20,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Deere & Company by 30.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock worth $185,143,000 after acquiring an additional 85,351 shares during the last quarter. OLD National Bancorp IN lifted its position in Deere & Company by 2.6% during the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after acquiring an additional 610 shares during the last quarter. Csenge Advisory Group lifted its position in Deere & Company by 84.9% during the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after acquiring an additional 3,416 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Deere & Company by 1.0% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock valued at $2,379,000 after purchasing an additional 45 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $3,615,000. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DE. Wolfe Research upped their price target 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. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, November 28th. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $480.00 to $460.00 and set a “neutral” rating for the company in a report on Friday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $460.00 price objective on shares of Deere & Company in a research note on Tuesday, December 9th. Finally, DA Davidson restated a “buy” rating and set a $580.00 target price on shares of Deere & Company in a research report on Monday, December 1st. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $524.20.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the sale, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 64,578 shares of company stock worth $32,471,682. Insiders own 0.29% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $516.51 on Tuesday. The firm has a market cap of $140.01 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The stock has a fifty day simple moving average of $483.42 and a two-hundred day simple moving average of $481.65. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. Deere & Company has a 1-year low of $404.42 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share 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 firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.55 EPS. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

Deere & Company 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.