Security National Bank of Sioux City Iowa IA cut its holdings in shares of Deere & Company (NYSE:DE) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,215 shares of the industrial products company’s stock after selling 45 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Deere & Company were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of DE. Brand Asset Management Group Inc. bought a new stake in Deere & Company during the first quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Deere & Company in the first quarter valued at approximately $28,000. Norway Savings Bank boosted its stake in shares of Deere & Company by 300.0% in the first quarter. Norway Savings Bank now owns 80 shares of the industrial products company’s stock valued at $30,000 after buying an additional 60 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in shares of Deere & Company by 125.0% in the first quarter. Sterling Investment Advisors Ltd. now owns 81 shares of the industrial products company’s stock valued at $30,000 after buying an additional 45 shares during the period. Finally, Klaas Financial Asset Advisors LLC bought a new stake in Deere & Company during the fourth quarter worth $26,000. Institutional investors own 66.56% of the company’s stock.
In related news, Director Tami A. Erwin acquired 275 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was purchased at an average price of $359.61 per share, for a total transaction of $98,892.75. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John C. May II sold 39,336 shares of Deere & Company stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $359.07, for a total value of $14,124,377.52. Following the sale, the chief executive officer now owns 78,949 shares of the company’s stock, valued at approximately $28,348,217.43. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
NYSE DE traded down $1.01 during trading hours on Friday, reaching $340.43. The company had a trading volume of 41,254 shares, compared to its average volume of 1,754,236. The firm has a 50-day moving average price of $371.30. Deere & Company has a 1-year low of $148.12 and a 1-year high of $400.34. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.29 and a quick ratio of 2.05. The company has a market capitalization of $106.19 billion, a PE ratio of 23.53, a P/E/G ratio of 0.99 and a beta of 1.04.
Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 20th. The industrial products company reported $5.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $1.24. The firm had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Deere & Company had a net margin of 11.51% and a return on equity of 33.31%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 earnings per share. As a group, research analysts forecast that Deere & Company will post 17.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 9th. Investors of record on Wednesday, June 30th will be given a $0.90 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $3.60 dividend on an annualized basis and a yield of 1.06%. Deere & Company’s dividend payout ratio (DPR) is 41.43%.
Deere & Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
Further Reading: Special Dividends
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