Seaward Management Limited Partnership Sells 4,503 Shares of Deere & Company (DE)

Seaward Management Limited Partnership cut its stake in shares of Deere & Company (NYSE:DE) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,127 shares of the industrial products company’s stock after selling 4,503 shares during the quarter. Deere & Company accounts for 1.4% of Seaward Management Limited Partnership’s portfolio, making the stock its 24th largest holding. Seaward Management Limited Partnership owned 0.07% of Deere & Company worth $27,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marco Investment Management LLC boosted its position in shares of Deere & Company by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after buying an additional 6 shares during the period. Nadler Financial Group Inc. boosted its position in shares of Deere & Company by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after buying an additional 10 shares during the period. Blue Chip Partners Inc. boosted its position in shares of Deere & Company by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after buying an additional 10 shares during the period. Northwest Quadrant Wealth Management LLC boosted its position in shares of Deere & Company by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after buying an additional 13 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after buying an additional 13 shares during the period. 67.75% of the stock is owned by institutional investors and hedge funds.

Deere & Company (DE) traded up $1.03 during midday trading on Monday, reaching $150.97. The company’s stock had a trading volume of 1,893,403 shares, compared to its average volume of 2,403,813. Deere & Company has a one year low of $100.05 and a one year high of $152.68. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $48,510.00, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.31 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its earnings results 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. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. analysts forecast that Deere & Company will post 7.9 earnings per share for the current fiscal year.

Several analysts have recently commented on DE shares. Goldman Sachs Group reaffirmed a “buy” rating on shares of Deere & Company in a research report on Sunday, August 20th. Credit Suisse Group set a $148.00 target price on Deere & Company and gave the stock a “buy” rating in a research report on Friday, August 18th. Argus reiterated a “buy” rating and set a $140.00 price objective on shares of Deere & Company in a report on Tuesday, August 22nd. Stifel Nicolaus set a $135.00 price objective on Deere & Company and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Deere & Company currently has an average rating of “Hold” and an average target price of $140.33.

In other news, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares in the company, valued at $5,404,008.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John C. May II sold 22,095 shares of Deere & Company stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the transaction, the insider now owns 51,429 shares in the company, valued at $6,533,540.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,766 shares of company stock worth $25,367,448. Corporate insiders own 0.75% of the company’s stock.

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Deere & 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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