Nadler Financial Group Inc. Decreases Position in Deere & Company (NYSE:DE)

Nadler Financial Group Inc. lessened its holdings in Deere & Company (NYSE:DE) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,868 shares of the industrial products company’s stock after selling 197 shares during the period. Nadler Financial Group Inc.’s holdings in Deere & Company were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Briaud Financial Planning Inc purchased a new stake in shares of Deere & Company during the 3rd quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in Deere & Company during the 4th quarter worth $28,000. Naples Money Management LLC acquired a new stake in Deere & Company during the 4th quarter worth $29,000. Bfsg LLC acquired a new stake in Deere & Company during the 4th quarter worth $30,000. Finally, ZRC Wealth Management LLC acquired a new stake in Deere & Company during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE stock traded down $1.03 during trading on Friday, reaching $393.03. 276,798 shares of the company were exchanged, compared to its average volume of 1,463,312. The company has a market cap of $109.40 billion, a P/E ratio of 11.40, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00. The stock’s 50 day moving average price is $387.20 and its 200 day moving average price is $383.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Analyst Ratings Changes

DE has been the topic of several research analyst reports. Citigroup cut their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Stifel Nicolaus cut their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Truist Financial assumed coverage on shares of Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 price target on the stock. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Evercore ISI lifted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $433.28.

Deere & Company 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.