Fishman Jay A Ltd. MI maintained its stake in Deere & Company (NYSE:DE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,720 shares of the industrial products company’s stock at the close of the second quarter. Fishman Jay A Ltd. MI’s holdings in Deere & were worth $954,000 at the end of the most recent reporting period.
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 shares of Deere & by 0.4% during the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 8 shares during the period. Nadler Financial Group Inc. raised its position in shares of Deere & by 0.4% during the second 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 period. Guardian Life Insurance Co. of America raised its position in shares of Deere & by 1.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 16 shares during the period. 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. raised its position in Deere & by 1.0% in the 2nd quarter. Country Club Trust Company n.a. now owns 1,945 shares of the industrial products company’s stock valued at $240,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 66.58% of the company’s stock.
In other news, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the transaction, the insider now directly owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 71,833 shares of company stock worth $8,725,404 over the last three months. 0.85% of the stock is currently owned by corporate insiders.
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. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the company posted $1.55 EPS. The firm’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 $6.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is currently 40.20%.
A number of research analysts have weighed in on DE shares. UBS AG restated a “neutral” rating and issued a $122.00 price target (up from $112.00) on shares of Deere & in a research note on Monday, May 22nd. Credit Suisse Group set a $132.00 target price on Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. Bank of America Corporation lifted their target price on Deere & from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Barclays PLC set a $100.00 target price on Deere & and gave the stock a “sell” rating in a research note on Sunday, June 4th. Finally, Robert W. Baird cut Deere & from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $130.00 in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $127.58.
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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.
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