Weatherly Asset Management L. P. decreased its position in Deere & Company (NYSE:DE) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,539 shares of the industrial products company’s stock after selling 91 shares during the period. Weatherly Asset Management L. P.’s holdings in Deere & were worth $1,179,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in DE. BlackRock Inc. increased its stake in Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after buying an additional 16,055,453 shares during the period. Vanguard Group Inc. increased its stake in Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after buying an additional 1,541,004 shares during the period. SG Americas Securities LLC increased its stake in Deere & by 107.6% in the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after buying an additional 631,378 shares during the period. First Eagle Investment Management LLC increased its stake in Deere & by 5.1% in the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after buying an additional 322,158 shares during the period. Finally, Geode Capital Management LLC increased its stake in Deere & by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock worth $303,767,000 after buying an additional 282,029 shares during the period. Institutional investors own 67.91% of the company’s stock.
Deere & Company (NYSE:DE) opened at 115.84 on Friday. Deere & Company has a 12 month low of $79.37 and a 12 month high of $132.50. The company’s 50-day moving average is $125.70 and its 200-day moving average is $117.56. The stock has a market capitalization of $37.16 billion, a P/E ratio of 19.24 and a beta of 0.67.
Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post $6.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.
DE has been the topic of a number of recent analyst reports. Deutsche Bank AG boosted their price target on shares of Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) upgraded shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a report on Monday, August 7th. J P Morgan Chase & Co upgraded shares of Deere & to an “underweight” rating and boosted their target price for the stock from $90.00 to $94.00 in a report on Monday, May 1st. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, TheStreet upgraded shares of Deere & from a “c+” rating to an “a-” rating in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $126.63.
In other Deere & news, insider John C. May II sold 19,907 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $125.57, for a total value of $2,499,721.99. Following the transaction, the insider now directly owns 49,241 shares of the company’s stock, valued at $6,183,192.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Samuel R. Allen sold 62,704 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 333,492 shares in the company, valued at $41,686,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,380 shares of company stock worth $19,694,934. 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.
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.
