Tarbox Family Office Inc. continued to hold its stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,032 shares of the industrial products company’s stock at the end of the second quarter. Deere & comprises approximately 0.4% of Tarbox Family Office Inc.’s holdings, making the stock its 21st largest position. Tarbox Family Office Inc.’s holdings in Deere & were worth $746,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of DE. Ledyard National Bank raised its stake in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares during the last quarter. MCF Advisors LLC raised its stake in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares during the last quarter. Endurance Wealth Management Inc. raised its stake in Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock valued at $153,000 after buying an additional 30 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after buying an additional 193 shares during the last quarter. 67.30% of the stock is currently owned by institutional investors.
Deere & Company (DE) traded up 0.25% during mid-day trading on Friday, hitting $129.84. 300,124 shares of the company traded hands. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 23.37 and a beta of 0.67. Deere & Company has a one year low of $76.73 and a one year high of $129.95. The company’s 50-day moving average price is $125.86 and its 200 day moving average price is $115.48.
Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Deere & Company will post $6.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. Deere &’s dividend payout ratio (DPR) is 43.24%.
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Several research analysts have weighed in on DE shares. Credit Suisse Group set a $132.00 price target on shares of Deere & and gave the stock a “buy” rating in a research report on Saturday, May 20th. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC restated a “sell” rating and issued a $82.00 price target (up from $80.00) on shares of Deere & in a research report on Tuesday, April 18th. Stifel Nicolaus raised their price target on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, J P Morgan Chase & Co upgraded shares of Deere & from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $103.00 to $122.00 in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $122.24.
In other news, insider John C. May II sold 19,907 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $125.57, for a total transaction of $2,499,721.99. Following the transaction, the insider now directly owns 49,241 shares in the company, valued at approximately $6,183,192.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cory J. Reed sold 4,936 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the transaction, the insider now owns 9,903 shares in the company, valued at $1,267,584. The disclosure for this sale can be found here. Insiders have sold a total of 105,612 shares of company stock worth $13,149,023 in the last three months. 0.85% of the stock is currently owned by insiders.
Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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