Checchi Capital Advisers LLC Cuts Stake in Deere & Company (NYSE:DE)

Checchi Capital Advisers LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,957 shares of the industrial products company’s stock after selling 39 shares during the period. Checchi Capital Advisers LLC’s holdings in Deere & were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kistler Tiffany Companies LLC raised its position in Deere & by 0.4% in the 1st quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock valued at $220,000 after buying an additional 8 shares during the last quarter. Nadler Financial Group Inc. raised its position in Deere & by 0.4% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock valued at $334,000 after buying an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Deere & by 1.4% in the 1st 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. RMB Capital Management LLC raised its position in Deere & by 0.6% in the 1st quarter. RMB Capital Management LLC now owns 3,329 shares of the industrial products company’s stock valued at $362,000 after buying an additional 19 shares during the last quarter. Finally, Country Club Trust Company n.a. grew its stake in Deere & by 1.0% in the second quarter. Country Club Trust Company n.a. now owns 1,945 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 66.58% of the company’s stock.

A number of research analysts have weighed in on DE shares. Credit Suisse Group set a $132.00 price target on Deere & and gave the company a “buy” rating in a research note on Saturday, May 20th. Barclays PLC raised their price target on Deere & from $82.00 to $90.00 and gave the company a “sell” rating in a research note on Monday, May 22nd. Stifel Nicolaus raised their price target on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Deutsche Bank AG lifted their target price on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. Finally, Robert W. Baird lifted their target price on Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $127.58.

Shares of Deere & Company (NYSE DE) opened at 118.39 on Friday. The company has a market cap of $38.04 billion, a price-to-earnings ratio of 19.66 and a beta of 0.70. Deere & Company has a 12 month low of $80.69 and a 12 month high of $132.50. The company’s 50 day moving average price is $122.08 and its 200 day moving average price is $118.24.

Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 EPS. On average, equities analysts expect that Deere & Company will post $6.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

In other news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the transaction, the insider now directly owns 47,165 shares in the company, valued at $5,506,042.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,833 shares of company stock worth $8,725,404. Corporate insiders own 0.85% of the company’s stock.

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About Deere &

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)

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