Creative Planning Has $15.24 Million Stock Holdings in Deere & Company (NYSE:DE)

Creative Planning raised its stake in Deere & Company (NYSE:DE) by 7.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,469 shares of the industrial products company’s stock after buying an additional 3,081 shares during the period. Creative Planning’s holdings in Deere & Company were worth $15,235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. PDS Planning Inc increased its holdings in shares of Deere & Company by 0.5% in the 3rd quarter. PDS Planning Inc now owns 5,806 shares of the industrial products company’s stock worth $1,945,000 after buying an additional 31 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Deere & Company by 0.5% in the 3rd quarter. Stephens Inc. AR now owns 6,847 shares of the industrial products company’s stock worth $2,294,000 after buying an additional 31 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Deere & Company by 4.6% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 732 shares of the industrial products company’s stock worth $245,000 after buying an additional 32 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Deere & Company by 1.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,066 shares of the industrial products company’s stock worth $692,000 after buying an additional 33 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Deere & Company by 2.4% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,381 shares of the industrial products company’s stock worth $463,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

NYSE:DE opened at $379.56 on Friday. The firm has a market cap of $116.98 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.53 and a beta of 1.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.91 and a current ratio of 2.15. Deere & Company has a fifty-two week low of $278.95 and a fifty-two week high of $400.34. The firm has a 50-day simple moving average of $356.78 and a two-hundred day simple moving average of $355.79.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 24th. The industrial products company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $0.22. The business had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.48 billion. Deere & Company had a net margin of 13.55% and a return on equity of 37.66%. Deere & Company’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $2.39 EPS. On average, equities research analysts predict that Deere & Company will post 22.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 8th. Stockholders of record on Friday, December 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.11%. Deere & Company’s dividend payout ratio is presently 22.12%.

In related news, insider John H. Stone sold 10,035 shares of the firm’s stock in a transaction that occurred on Tuesday, November 30th. The shares were sold at an average price of $348.82, for a total value of $3,500,408.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $375.00 price objective for the company. in a research note on Friday, November 19th. Robert W. Baird upped their price objective on shares of Deere & Company from $425.00 to $475.00 in a research note on Friday, January 7th. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $346.00 to $297.00 and set an “underweight” rating for the company in a research note on Monday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Deere & Company from $375.00 to $398.00 and gave the company a “hold” rating in a research report on Monday, November 29th. Finally, Morgan Stanley raised their target price on shares of Deere & Company from $442.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, November 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Buy” and an average target price of $411.28.

About Deere & Company

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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