First National Bank of Omaha Sells 350 Shares of Deere & Company (NYSE:DE)

First National Bank of Omaha lowered its stake in shares of Deere & Company (NYSE:DEGet Rating) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,250 shares of the industrial products company’s stock after selling 350 shares during the quarter. First National Bank of Omaha’s holdings in Deere & Company were worth $519,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DE. Worth Asset Management LLC bought a new stake in Deere & Company in the first quarter worth about $28,000. Nauset Wealth Management. LLC purchased a new position in Deere & Company in the first quarter valued at approximately $29,000. Bell Investment Advisors Inc lifted its stake in Deere & Company by 120.0% in the fourth quarter. Bell Investment Advisors Inc now owns 88 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 48 shares during the last quarter. Bank of New Hampshire bought a new position in Deere & Company during the first quarter valued at $30,000. Finally, Mine & Arao Wealth Creation & Management LLC. increased its position in Deere & Company by 614.3% in the first quarter. Mine & Arao Wealth Creation & Management LLC. now owns 100 shares of the industrial products company’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Institutional investors own 75.34% of the company’s stock.

Insider Activity

In other Deere & Company news, CAO Marc A. Howze sold 4,019 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $373.22, for a total transaction of $1,499,971.18. Following the completion of the transaction, the chief accounting officer now owns 17,321 shares of the company’s stock, valued at approximately $6,464,543.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DE shares. Citigroup increased their price target on Deere & Company from $340.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Cowen cut their target price on shares of Deere & Company from $396.00 to $342.00 in a research report on Thursday, July 7th. Wells Fargo & Company upped their price target on shares of Deere & Company from $410.00 to $423.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Credit Suisse Group raised their price objective on shares of Deere & Company from $393.00 to $447.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Finally, Morgan Stanley boosted their target price on shares of Deere & Company from $416.00 to $424.00 and gave the company an “overweight” rating in a report on Sunday, August 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $407.68.

Deere & Company Price Performance

DE opened at $354.50 on Friday. The stock has a 50-day moving average price of $346.14 and a 200-day moving average price of $363.53. 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 stock has a market capitalization of $107.00 billion, a P/E ratio of 17.72, a PEG ratio of 1.25 and a beta of 1.06.

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

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Friday, September 30th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, September 29th. Deere & Company’s dividend payout ratio (DPR) is presently 22.59%.

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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