Tradition Wealth Management LLC Has $743,000 Position in Deere & Company (NYSE:DE)

Tradition Wealth Management LLC lessened its stake in shares of Deere & Company (NYSE:DE) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,780 shares of the industrial products company’s stock after selling 602 shares during the quarter. Tradition Wealth Management LLC’s holdings in Deere & Company were worth $743,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its stake in shares of Deere & Company by 2,068.3% in the 3rd quarter. Edgestream Partners L.P. now owns 12,533 shares of the industrial products company’s stock valued at $5,230,000 after purchasing an additional 11,955 shares in the last quarter. NCM Capital Management LLC bought a new position in Deere & Company in the third quarter valued at about $204,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Deere & Company during the 3rd quarter worth approximately $27,961,000. Circle Wealth Management LLC bought a new stake in shares of Deere & Company during the 3rd quarter valued at $382,000. Finally, Captrust Financial Advisors lifted its stake in Deere & Company by 2.7% in the third quarter. Captrust Financial Advisors now owns 155,184 shares of the industrial products company’s stock valued at $64,763,000 after buying an additional 4,051 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $465.90 on Monday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The business’s fifty day simple moving average is $413.25 and its two-hundred day simple moving average is $388.13. The firm has a market cap of $127.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.99 and a beta of 0.93. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the firm posted $8.26 EPS. The company’s revenue for the quarter was down 32.8% on a year-over-year basis. Analysts predict that Deere & Company will post 19.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets assumed coverage on Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Oppenheimer upped their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Evercore ISI upped their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research note on Monday, August 19th. Finally, Bank of America lifted their target price on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $436.41.

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.