Nisa Investment Advisors LLC Sells 725 Shares of Deere & Company (NYSE:DE)

Nisa Investment Advisors LLC cut its holdings in Deere & Company (NYSE:DE - Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,115 shares of the industrial products company's stock after selling 725 shares during the period. Nisa Investment Advisors LLC's holdings in Deere & Company were worth $45,738,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Topsail Wealth Management LLC bought a new position in Deere & Company in the first quarter valued at approximately $267,000. LBP AM SA grew its stake in Deere & Company by 20.5% during the first quarter. LBP AM SA now owns 9,269 shares of the industrial products company's stock worth $4,350,000 after buying an additional 1,580 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Deere & Company by 1.2% in the first quarter. Principal Securities Inc. now owns 4,379 shares of the industrial products company's stock worth $2,055,000 after acquiring an additional 50 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in Deere & Company by 2.8% in the 1st quarter. Greenleaf Trust now owns 21,331 shares of the industrial products company's stock valued at $10,012,000 after buying an additional 571 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $9.82 on Thursday, reaching $519.15. 1,268,760 shares of the company were exchanged, compared to its average volume of 1,349,207. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The firm has a market cap of $140.60 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 3.23 and a beta of 1.08. The company's 50-day moving average is $510.12 and its two-hundred day moving average is $477.52. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company posted $8.53 EPS. The company's revenue was down 17.9% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DE. Melius Research raised Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Oppenheimer boosted their target price on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Robert W. Baird raised their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Finally, Evercore ISI upped their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $515.19.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.