Deere & Company (DE) is Point View Wealth Management Inc.’s 8th Largest Position

Point View Wealth Management Inc. lessened its holdings in Deere & Company (NYSE:DE) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,869 shares of the industrial products company’s stock after selling 1,954 shares during the quarter. Deere & accounts for approximately 1.4% of Point View Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest position. Point View Wealth Management Inc.’s holdings in Deere & were worth $2,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Marco Investment Management LLC lifted its stake in shares of Deere & by 0.3% in the 2nd quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 6 shares during the last quarter. Nadler Financial Group Inc. raised its position in Deere & by 0.4% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 10 shares during the last quarter. Blue Chip Partners Inc. raised its position in Deere & by 0.3% during the 2nd quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 10 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its position in Deere & by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 13 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 67.05% of the company’s stock.

Several brokerages recently issued reports on DE. Deutsche Bank AG raised their target price on Deere & from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research raised Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, November 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price on shares of Deere & in a research report on Thursday, November 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $140.00 target price on shares of Deere & in a research report on Thursday, October 12th. Finally, ValuEngine raised Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. Deere & has an average rating of “Hold” and an average price target of $130.08.

Deere & Company (NYSE:DE) traded up $1.16 during mid-day trading on Monday, reaching $135.77. The company’s stock had a trading volume of 1,964,900 shares, compared to its average volume of 2,348,028. The firm has a market cap of $43,622.48, a P/E ratio of 22.74, a P/E/G ratio of 2.43 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. Deere & Company has a fifty-two week low of $91.33 and a fifty-two week high of $136.69.

Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. equities research analysts expect that Deere & Company will post 6.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.77%. Deere &’s dividend payout ratio (DPR) is currently 40.20%.

WARNING: “Deere & Company (DE) is Point View Wealth Management Inc.’s 8th Largest Position” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/11/20/deere-company-de-is-point-view-wealth-management-inc-s-8th-largest-position.html.

In other news, insider Max A. Guinn sold 8,551 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $134.89, for a total value of $1,153,444.39. Following the transaction, the insider now owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pentz Markwart Von sold 24,143 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.33, for a total value of $3,267,272.19. Following the completion of the transaction, the insider now owns 57,086 shares in the company, valued at approximately $7,725,448.38. The disclosure for this sale can be found here. Insiders have sold a total of 149,141 shares of company stock valued at $18,694,199 in the last quarter. Company insiders own 0.75% of the company’s stock.

Deere & 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.

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

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.

Latest News

Leave a Reply