Coldstream Capital Management Inc. Has $5.66 Million Stock Position in Deere & Company (NYSE:DE)

Coldstream Capital Management Inc. grew its position in Deere & Company (NYSE:DE) by 6.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,136 shares of the industrial products company’s stock after purchasing an additional 982 shares during the period. Coldstream Capital Management Inc.’s holdings in Deere & Company were worth $5,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of Deere & Company by 27.4% during the first quarter. Harbor Investment Advisory LLC now owns 1,730 shares of the industrial products company’s stock worth $710,000 after purchasing an additional 372 shares during the period. Brevan Howard Capital Management LP boosted its holdings in shares of Deere & Company by 857.9% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,654 shares of the industrial products company’s stock worth $3,061,000 after purchasing an additional 6,855 shares during the period. Aviance Capital Partners LLC acquired a new stake in shares of Deere & Company during the first quarter worth approximately $2,783,000. Oxford Financial Group LTD. LLC boosted its holdings in shares of Deere & Company by 2.9% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 1,827 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 51 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Deere & Company by 22.3% during the fourth quarter. First Trust Advisors LP now owns 75,832 shares of the industrial products company’s stock worth $30,323,000 after purchasing an additional 13,833 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the sale, the insider now owns 41,642 shares in the company, valued at $15,725,268.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Deere & Company Trading Down 0.5 %

Shares of DE stock opened at $385.48 on Tuesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $417.46. The firm’s fifty day simple moving average is $369.56 and its 200 day simple moving average is $380.89. The firm has a market capitalization of $105.47 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the firm posted $10.20 earnings per share. Deere & Company’s revenue was down 20.3% compared to the same quarter last year. As a group, sell-side analysts predict that Deere & Company will post 25.07 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.53%. Deere & Company’s dividend payout ratio is currently 17.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DE shares. Evercore ISI raised their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Raymond James started coverage on shares of Deere & Company in a research report on Friday, June 28th. They set an “outperform” rating and a $420.00 price objective on the stock. Citigroup cut their price objective on shares of Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. TD Cowen raised their price objective on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Morgan Stanley cut their price objective on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $414.11.

About Deere & Company

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.