Orion Portfolio Solutions LLC Sells 256 Shares of Deere & Company (NYSE:DE)

Orion Portfolio Solutions LLC trimmed its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,419 shares of the industrial products company’s stock after selling 256 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Deere & Company were worth $3,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Deere & Company during the 4th quarter valued at about $959,748,000. Winslow Capital Management LLC bought a new position in shares of Deere & Company during the 1st quarter worth approximately $371,078,000. Invesco Ltd. increased its stake in shares of Deere & Company by 49.8% in the 1st quarter. Invesco Ltd. now owns 2,478,132 shares of the industrial products company’s stock valued at $1,029,564,000 after acquiring an additional 823,367 shares in the last quarter. BlackRock Inc. lifted its position in shares of Deere & Company by 4.0% during the 1st quarter. BlackRock Inc. now owns 18,243,075 shares of the industrial products company’s stock valued at $7,579,271,000 after acquiring an additional 706,609 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in Deere & Company by 396,988.8% during the first quarter. 1832 Asset Management L.P. now owns 603,575 shares of the industrial products company’s stock worth $247,319,000 after acquiring an additional 603,423 shares in the last quarter. 75.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Credit Suisse Group increased their price objective on shares of Deere & Company from $393.00 to $447.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. The Goldman Sachs Group lowered their target price on Deere & Company from $480.00 to $420.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Citigroup boosted their price target on shares of Deere & Company from $340.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Deere & Company from $388.00 to $386.00 in a report on Monday, August 22nd. Finally, Oppenheimer raised their price target on shares of Deere & Company from $365.00 to $415.00 in a research report on Monday, August 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $407.68.

Deere & Company Trading Down 0.7 %

NYSE:DE opened at $360.90 on Thursday. Deere & Company has a 12 month low of $283.81 and a 12 month high of $446.76. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 1.69. The firm’s 50 day moving average is $343.61 and its 200 day moving average is $363.56. The stock has a market capitalization of $108.93 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06.

Deere & Company (NYSE:DEGet Rating) last issued its earnings results on Friday, August 19th. The industrial products company reported $6.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.61 by ($0.45). The firm had revenue of $13 billion during the quarter, compared to the consensus estimate of $12.84 billion. Deere & Company had a net margin of 12.75% and a return on equity of 33.26%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.32 earnings per share. Sell-side analysts expect that Deere & Company will post 22.94 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Friday, September 30th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, September 29th. Deere & Company’s dividend payout ratio (DPR) is presently 22.59%.

Insiders Place Their Bets

In other news, CAO Marc A. Howze sold 4,019 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $373.22, for a total value of $1,499,971.18. Following the sale, the chief accounting officer now owns 17,321 shares of the company’s stock, valued at $6,464,543.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

About Deere & Company

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

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