Wealthcare Advisory Partners LLC bought a new stake in shares of Deere & Company (NYSE:DE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,149 shares of the industrial products company’s stock, valued at approximately $144,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. bought a new stake in Deere & Company in the 3rd quarter worth approximately $206,000. Afam Capital Inc. grew its position in Deere & Company by 2.0% in the 3rd quarter. Afam Capital Inc. now owns 63,837 shares of the industrial products company’s stock worth $8,017,000 after purchasing an additional 1,245 shares during the period. Piedmont Investment Advisors LLC grew its position in Deere & Company by 1.3% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 104,398 shares of the industrial products company’s stock worth $13,111,000 after purchasing an additional 1,377 shares during the period. California Public Employees Retirement System grew its position in Deere & Company by 8.9% in the 3rd quarter. California Public Employees Retirement System now owns 796,383 shares of the industrial products company’s stock worth $100,018,000 after purchasing an additional 65,031 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Deere & Company by 1.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 71,685 shares of the industrial products company’s stock worth $9,003,000 after acquiring an additional 676 shares during the last quarter. 67.75% of the stock is owned by institutional investors and hedge funds.

In other news, insider Pentz Markwart Von sold 22,095 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total value of $2,653,609.50. Following the sale, the insider now directly owns 51,626 shares in the company, valued at approximately $6,200,282.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total transaction of $972,280.64. Following the completion of the sale, the insider now owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,737 shares of company stock worth $33,989,443. Corporate insiders own 0.85% of the company’s stock.

Shares of Deere & Company (DE) opened at $151.95 on Thursday. The company has a market cap of $48,538.32, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. Deere & Company has a one year low of $100.05 and a one year high of $153.34. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. equities analysts forecast that Deere & Company will post 7.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s payout ratio is currently 36.14%.

Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of Deere & Company from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research note on Friday, August 18th. Argus reiterated a “buy” rating and set a $140.00 price target on shares of Deere & Company in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $119.00 price target on shares of Deere & Company and gave the stock a “hold” rating in a research note on Friday, August 25th. Barclays assumed coverage on shares of Deere & Company in a research note on Tuesday. They set an “overweight” rating and a $167.00 price target on the stock. Finally, Bank of America dropped their price target on shares of Deere & Company from $145.00 to $130.00 and set a “neutral” rating on the stock in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $143.68.

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Deere & Company 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.

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

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