Cetera Advisors LLC Has $5.52 Million Holdings in Deere & Company (DE)

Cetera Advisors LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,934 shares of the industrial products company’s stock after selling 4,241 shares during the quarter. Cetera Advisors LLC’s holdings in Deere & Company were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Deere & Company by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after purchasing an additional 1,153,484 shares in the last quarter. BlackRock Inc. grew its position in shares of Deere & Company by 2.5% during the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after purchasing an additional 409,861 shares in the last quarter. Capital International Investors grew its position in shares of Deere & Company by 35.4% during the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after purchasing an additional 2,300,531 shares in the last quarter. FMR LLC grew its position in shares of Deere & Company by 18.3% during the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after purchasing an additional 777,519 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Deere & Company by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after purchasing an additional 634,001 shares in the last quarter. 67.75% of the stock is currently owned by institutional investors and hedge funds.

DE has been the subject of a number of recent analyst reports. Goldman Sachs Group restated 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 shares of Deere & Company and gave the stock a “buy” rating in a research report on Friday, August 18th. Stifel Nicolaus set a $135.00 target price on shares of Deere & Company and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Argus reiterated a “buy” rating and issued a $140.00 target price on shares of Deere & Company in a research report on Tuesday, August 22nd. Finally, ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Deere & Company presently has an average rating of “Hold” and a consensus target price of $143.68.

Deere & Company (NYSE:DE) opened at $151.07 on Wednesday. The company has a market cap of $48,621.86, a PE ratio of 22.79, a PEG ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a one year low of $100.05 and a one year high of $152.68.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share. sell-side analysts predict that Deere & Company will post 7.94 EPS for the current 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 paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 36.14%.

In other news, CFO Rajesh Kalathur sold 4,519 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the transaction, the insider now directly owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,486 shares of company stock valued at $29,869,619. Insiders own 0.75% of the company’s stock.

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About Deere & Company

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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