Creegan & Nassoura Financial Group LLC Sells 25 Shares of Deere & Company (NYSE:DE)

Creegan & Nassoura Financial Group LLC cut its holdings in Deere & Company (NYSE:DE) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,593 shares of the industrial products company’s stock after selling 25 shares during the period. Deere & Company accounts for 1.9% of Creegan & Nassoura Financial Group LLC’s portfolio, making the stock its 19th largest holding. Creegan & Nassoura Financial Group LLC’s holdings in Deere & Company were worth $2,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DE. Fayez Sarofim & Co raised its stake in Deere & Company by 3,380.3% during the 4th quarter. Fayez Sarofim & Co now owns 340,928 shares of the industrial products company’s stock worth $147,049,000 after acquiring an additional 331,132 shares during the period. Wealth Dimensions Group Ltd. raised its position in shares of Deere & Company by 10.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 1,091 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 99 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Deere & Company by 104.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,049 shares of the industrial products company’s stock valued at $5,529,000 after buying an additional 6,661 shares in the last quarter. Transatlantique Private Wealth LLC boosted its holdings in Deere & Company by 4.9% in the 4th quarter. Transatlantique Private Wealth LLC now owns 4,922 shares of the industrial products company’s stock worth $2,085,000 after buying an additional 228 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Deere & Company by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 67,308 shares of the industrial products company’s stock worth $28,518,000 after buying an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DE shares. Morgan Stanley boosted their price objective on Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. UBS Group dropped their target price on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Citigroup reduced their price target on shares of Deere & Company from $480.00 to $450.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average target price of $459.89.

Deere & Company Price Performance

Deere & Company stock opened at $452.06 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a market cap of $122.70 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The firm has a 50-day moving average of $469.77 and a two-hundred day moving average of $444.97. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

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.