Stifel Financial Corp Sells 3,935 Shares of Deere & Company (DE)

Stifel Financial Corp cut its holdings in shares of Deere & Company (NYSE:DE) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,514 shares of the industrial products company’s stock after selling 3,935 shares during the period. Stifel Financial Corp owned about 0.05% of Deere & Company worth $21,443,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TrueNorth Inc. grew its position in shares of Deere & Company by 14.3% during the first quarter. TrueNorth Inc. now owns 2,627 shares of the industrial products company’s stock worth $286,000 after buying an additional 329 shares in the last quarter. Park National Corp OH grew its position in shares of Deere & Company by 15.7% during the second quarter. Park National Corp OH now owns 3,880 shares of the industrial products company’s stock worth $479,000 after buying an additional 526 shares in the last quarter. DnB Asset Management AS grew its position in shares of Deere & Company by 1.4% during the second quarter. DnB Asset Management AS now owns 37,216 shares of the industrial products company’s stock worth $4,600,000 after buying an additional 500 shares in the last quarter. Stillwater Investment Management LLC grew its position in shares of Deere & Company by 0.5% during the second quarter. Stillwater Investment Management LLC now owns 15,986 shares of the industrial products company’s stock worth $1,976,000 after buying an additional 86 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its position in shares of Deere & Company by 20.1% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 35,927 shares of the industrial products company’s stock worth $4,441,000 after buying an additional 6,006 shares in the last quarter. Institutional investors own 67.75% of the company’s stock.

DE has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 2nd. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird downgraded Deere & Company from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. BidaskClub downgraded Deere & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Wells Fargo & Company reissued a “buy” rating and set a $170.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $140.33.

In other news, CFO Rajesh Kalathur sold 4,519 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the sale, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Field sold 48,427 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The disclosure for this sale can be found here. Insiders sold 197,497 shares of company stock valued at $26,540,705 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Deere & Company (NYSE DE) opened at $150.85 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $48,506.20, a P/E ratio of 22.74, a P/E/G ratio of 2.33 and a beta of 0.77. Deere & Company has a fifty-two week low of $100.05 and a fifty-two week high of $152.68.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The business 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%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. equities analysts anticipate that Deere & Company will post 7.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. Deere & Company’s payout ratio is currently 36.14%.

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Deere & Company 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.

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

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