Deere & Company (NYSE:DE) Stake Held by Tarbox Family Office Inc.

Tarbox Family Office Inc. held its position in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,032 shares of the industrial products company’s stock at the end of the second quarter. Deere & makes up 0.4% of Tarbox Family Office Inc.’s portfolio, 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.

Several other institutional investors have also recently bought and sold shares of the company. Ledyard National Bank raised its stake in shares of 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 shares of 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 shares of 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 shares of 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 shares of Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock valued at $167,000 after buying an additional 193 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Deere & Company (DE) traded down 5.38% during mid-day trading on Friday, reaching $117.31. 11,364,628 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $126.94 and its 200-day moving average price is $117.25. The company has a market capitalization of $37.52 billion, a PE ratio of 21.12 and a beta of 0.67. Deere & Company has a one year low of $80.35 and a one year high of $132.50.

Deere & (NYSE:DE) last issued its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The business had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts expect that Deere & Company will post $6.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Wednesday, June 28th. Deere &’s payout ratio is currently 43.24%.

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Several brokerages have commented on DE. Deutsche Bank AG lifted their price objective on shares of Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price objective for the company in a report on Monday, August 7th. J P Morgan Chase & Co raised shares of Deere & to an “underweight” rating and boosted their price target for the stock from $90.00 to $94.00 in a research note on Monday, May 1st. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, TheStreet raised shares of Deere & from a “c+” rating to an “a-” rating in a research note on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Deere & currently has an average rating of “Hold” and a consensus price target of $123.12.

In other news, CEO Samuel R. Allen sold 62,704 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the sale, the chief executive officer now directly owns 333,492 shares in the company, valued at approximately $41,686,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cory J. Reed sold 5,601 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $688,923.00. Following the completion of the sale, the insider now owns 10,568 shares of the company’s stock, valued at $1,299,864. The disclosure for this sale can be found here. Insiders have sold a total of 118,524 shares of company stock valued at $14,960,467 in the last quarter. Company insiders own 0.85% of the company’s stock.

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.