Probity Advisors Inc. Has $1.99 Million Stock Holdings in Deere & Company (NYSE:DE)

Probity Advisors Inc. lessened its position in Deere & Company (NYSE:DE – Get Rating) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,807 shares of the industrial products company’s stock after selling 45 shares during the period. Probity Advisors Inc.’s holdings in Deere & Company were worth $1,991,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. PSI Advisors LLC acquired a new position in Deere & Company during the 3rd quarter worth about $30,000. First National Bank of South Miami acquired a new position in Deere & Company during the 4th quarter worth about $34,000. Amplius Wealth Advisors LLC acquired a new position in Deere & Company during the 4th quarter worth about $34,000. Crewe Advisors LLC lifted its position in Deere & Company by 3,233.3% during the 4th quarter. Crewe Advisors LLC now owns 100 shares of the industrial products company’s stock worth $34,000 after buying an additional 97 shares in the last quarter. Finally, Sierra Capital LLC lifted its position in Deere & Company by 183.3% during the 4th quarter. Sierra Capital LLC now owns 102 shares of the industrial products company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

In other news, insider Rajesh Kalathur sold 32,391 shares of Deere & Company stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $400.00, for a total value of $12,956,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pentz Markwart Von sold 18,364 shares of Deere & Company stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $393.00, for a total transaction of $7,217,052.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

DE has been the topic of several research reports. Zacks Investment Research downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $412.00 price target on the stock. in a research report on Monday, February 14th. StockNews.com started coverage on shares of Deere & Company in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company started coverage on shares of Deere & Company in a report on Friday, March 11th. They issued an “overweight” rating and a $455.00 price objective on the stock. Bank of America lowered shares of Deere & Company from a “buy” rating to a “neutral” rating and cut their price objective for the company from $475.00 to $450.00 in a report on Monday, April 25th. Finally, DA Davidson increased their price objective on shares of Deere & Company from $455.00 to $480.00 in a report on Friday, April 1st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $440.53.

Shares of NYSE:DE traded up $3.71 during midday trading on Friday, reaching $366.69. 1,749,796 shares of the company were exchanged, compared to its average volume of 1,638,474. Deere & Company has a fifty-two week low of $320.50 and a fifty-two week high of $446.76. The company has a quick ratio of 1.94, a current ratio of 2.25 and a debt-to-equity ratio of 1.84. The stock has a fifty day simple moving average of $403.28 and a two-hundred day simple moving average of $376.67. The firm has a market cap of $112.49 billion, a PE ratio of 20.33, a P/E/G ratio of 1.19 and a beta of 1.02.

Deere & Company (NYSE:DE – Get Rating) last released its earnings results on Friday, February 18th. The industrial products company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.64. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.28 billion. Deere & Company had a net margin of 12.69% and a return on equity of 33.65%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.87 earnings per share. As a group, analysts forecast that Deere & Company will post 22.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 9th. Investors of record on Thursday, March 31st were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, March 30th. Deere & Company’s dividend payout ratio (DPR) is currently 23.28%.

Deere & Company Profile (Get Rating)

Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.

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