Nomura Holdings Inc. Increases Position in Deere & Company (NYSE:DE)

Nomura Holdings Inc. grew its holdings in shares of Deere & Company (NYSE:DE) by 254.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,609 shares of the industrial products company’s stock after acquiring an additional 9,769 shares during the quarter. Nomura Holdings Inc.’s holdings in Deere & Company were worth $5,766,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DE. Norges Bank bought a new stake in Deere & Company during the 4th quarter valued at $1,244,094,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Deere & Company in the 4th quarter worth about $541,437,000. Price T Rowe Associates Inc. MD grew its holdings in Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock worth $2,792,082,000 after purchasing an additional 1,095,736 shares during the period. FMR LLC increased its position in Deere & Company by 22.9% during the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock valued at $2,364,843,000 after buying an additional 1,039,395 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Deere & Company during the 4th quarter valued at about $296,232,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on Deere & Company from $510.00 to $513.00 and gave the stock an “outperform” rating in a report on Tuesday, April 22nd. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Truist Financial reiterated a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Fourteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and an average price target of $462.44.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $516.85 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The firm’s 50-day moving average is $467.17 and its 200 day moving average is $453.46. Deere & Company has a 12 month low of $340.20 and a 12 month high of $531.54. The company has a market capitalization of $140.28 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Deere & Company 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.