Commerce Bank grew its position in Deere & Company (NYSE:DE) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 85,583 shares of the industrial products company’s stock after acquiring an additional 1,443 shares during the period. Commerce Bank’s holdings in Deere & were worth $10,748,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. QCI Asset Management Inc. NY increased its holdings in Deere & by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares during the period. Guardian Life Insurance Co. of America increased its holdings 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 purchasing an additional 16 shares during the period. Arrow Financial Corp increased its holdings in Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during the period. Harfst & Associates Inc. increased its holdings in Deere & by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its holdings in Deere & by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. Institutional investors own 65.67% of the company’s stock.
Shares of Deere & Company (NYSE DE) traded up $2.34 during trading hours on Friday, hitting $134.61. 2,065,800 shares of the stock traded hands, compared to its average volume of 2,349,754. Deere & Company has a 52-week low of $90.99 and a 52-week high of $136.69. The company has a current ratio of 2.10, a quick ratio of 1.90 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $42,497.94, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 8.15% and a return on equity of 31.66%. Deere &’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. equities research analysts expect that Deere & Company will post 6.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.
A number of analysts have weighed in on DE shares. The Goldman Sachs Group, Inc. upgraded Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target for the company in a report on Monday, August 7th. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Deutsche Bank AG restated a “hold” rating and issued a $129.00 target price (down from $135.00) on shares of Deere & in a research note on Monday, October 9th. Finally, Piper Jaffray Companies set a $119.00 target price on Deere & and gave the company a “hold” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $130.08.
In other Deere & news, insider Max A. Guinn sold 7,174 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $132.98, for a total value of $953,998.52. Following the sale, the insider now owns 49,562 shares in the company, valued at $6,590,754.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Pentz Markwart Von sold 22,095 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the sale, the insider now owns 51,626 shares in the company, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,141 shares of company stock worth $18,694,199. Corporate insiders own 0.85% of the company’s stock.
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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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