Signature Estate & Investment Advisors LLC Has $662,000 Stock Position in Deere & Company (NYSE:DE)

Signature Estate & Investment Advisors LLC lowered its holdings in shares of Deere & Company (NYSE:DE) by 98.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,772 shares of the industrial products company’s stock after selling 124,705 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Deere & Company were worth $662,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Tompkins Financial Corp lifted its stake in shares of Deere & Company by 2.6% in the first quarter. Tompkins Financial Corp now owns 981 shares of the industrial products company’s stock valued at $403,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Deere & Company by 0.7% during the 1st quarter. Global Retirement Partners LLC now owns 3,768 shares of the industrial products company’s stock valued at $1,548,000 after purchasing an additional 26 shares during the last quarter. Blue Chip Partners LLC grew its holdings in Deere & Company by 2.3% during the fourth quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $489,000 after buying an additional 27 shares in the last quarter. Field & Main Bank grew its holdings in Deere & Company by 0.7% during the first quarter. Field & Main Bank now owns 4,050 shares of the industrial products company’s stock worth $1,663,000 after buying an additional 27 shares in the last quarter. Finally, Range Financial Group LLC grew its holdings in Deere & Company by 5.2% during the first quarter. Range Financial Group LLC now owns 548 shares of the industrial products company’s stock worth $225,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DE. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Stifel Nicolaus boosted their price objective on Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Morgan Stanley cut their price objective on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday. DA Davidson cut their price objective on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Finally, Evercore ISI boosted their price objective on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average target price of $414.11.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $375.98 on Wednesday. The firm has a market cap of $103.61 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.59 and a beta of 0.93. Deere & Company has a 12-month low of $340.20 and a 12-month high of $423.35. The company has a 50-day simple moving average of $367.96 and a two-hundred day simple moving average of $379.87. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period in the prior year, the business posted $10.20 EPS. The firm’s revenue was down 20.3% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post 25.41 EPS for the current year.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of 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 large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, 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.