Nomura Holdings Inc. Has $5.84 Million Stake in Deere & Company $DE

Key Points

• Nomura Holdings Inc. has reduced its stake in Deere & Company by 8.6%, owning 12,440 shares valued at approximately $5.84 million following the sale of 1,169 shares in the first quarter.
• Several large investors, including Activest Wealth Management and Hughes Financial Services, have either increased or established new positions in Deere, indicating mixed investor sentiment.
• Deere & Company declared a quarterly dividend of $1.62 per share, which is set to be paid on November 10, with a current yield of 1.4%.

Nomura Holdings Inc. lessened its position in Deere & Company (NYSE:DE - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,440 shares of the industrial products company's stock after selling 1,169 shares during the quarter. Nomura Holdings Inc.'s holdings in Deere & Company were worth $5,839,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Deere & Company in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its position in Deere & Company by 116.1% in the 1st 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. Orion Capital Management LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $34,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Deere & Company in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

NYSE:DE traded down $2.16 during midday trading on Friday, reaching $472.74. The stock had a trading volume of 1,262,378 shares, compared to its average volume of 1,480,224. Deere & Company has a 1-year low of $378.66 and a 1-year high of $533.78. The firm's fifty day simple moving average is $501.32 and its 200-day simple moving average is $490.88. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The stock has a market capitalization of $127.80 billion, a P/E ratio of 24.71, a PEG ratio of 3.05 and a beta of 1.00.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the business posted $6.29 EPS. Deere & Company's revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

A number of research firms have issued reports on DE. JPMorgan Chase & Co. cut their target price on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research report on Tuesday. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Bank of America raised their price target on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Truist Financial cut their price target on shares of Deere & Company from $619.00 to $602.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Finally, Evercore ISI set a $491.00 price target on shares of Deere & Company in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $520.87.

Deere & Company Profile

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.