NBC Securities Inc. Acquires 15,702 Shares of Deere & Company (NYSE:DE)

NBC Securities Inc. increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 104,680.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,717 shares of the industrial products company's stock after acquiring an additional 15,702 shares during the quarter. Deere & Company comprises approximately 0.6% of NBC Securities Inc.'s holdings, making the stock its 17th largest holding. NBC Securities Inc.'s holdings in Deere & Company were worth $7,377,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds have also bought and sold shares of DE. Norges Bank bought a new position in shares of Deere & Company during the 4th quarter worth about $1,244,094,000. GAMMA Investing LLC increased its position in shares of Deere & Company by 61,215.9% during the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after purchasing an additional 1,750,163 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Deere & Company during the fourth quarter worth $541,437,000. Price T Rowe Associates Inc. MD increased its holdings in Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after buying an additional 1,095,736 shares during the period. Finally, FMR LLC raised its stake in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock valued at $2,364,843,000 after buying an additional 1,039,395 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 0.5%

Shares of DE opened at $505.77 on Monday. The business's fifty day moving average price is $475.54 and its two-hundred day moving average price is $462.98. The firm has a market capitalization of $137.27 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

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Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.53 earnings per share. On average, analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

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A number of analysts recently weighed in on DE shares. The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Robert W. Baird upped their price objective on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group decreased their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Barclays boosted their target price on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $515.19.

Get Our Latest Stock Analysis on Deere & Company

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

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