Bank of Nova Scotia Trust Co. bought a new position in shares of Deere & Company (NYSE:DE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,407 shares of the industrial products company’s stock, valued at approximately $302,000.

A number of other large investors have also modified their holdings of DE. QCI Asset Management Inc. NY lifted its holdings in shares of Deere & Company by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after buying an additional 150 shares in the last quarter. Arrow Financial Corp lifted its holdings in shares of Deere & Company by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of Deere & Company by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after buying an additional 360 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after buying an additional 13 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Deere & Company in the second quarter worth about $155,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.

In related news, VP Marc A. Howze sold 7,731 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $151.76, for a total transaction of $1,173,256.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Max A. Guinn sold 21,989 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $151.39, for a total value of $3,328,914.71. Following the sale, the insider now owns 64,377 shares in the company, valued at approximately $9,746,034.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,486 shares of company stock worth $29,869,619. 0.75% of the stock is owned by insiders.

DE has been the topic of a number of recent analyst reports. Deutsche Bank raised shares of Deere & Company from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $167.00 in a research note on Thursday, November 23rd. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, November 2nd. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $150.00 target price on shares of Deere & Company in a research note on Thursday, November 2nd. Finally, Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and raised their target price for the company from $140.00 to $155.00 in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $140.33.

Deere & Company (NYSE:DE) opened at $151.58 on Monday. The stock has a market capitalization of $48,702.18, a P/E ratio of 22.83, a P/E/G ratio of 2.34 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a 52 week low of $100.05 and a 52 week high of $152.68.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. research analysts predict that Deere & Company will post 7.9 earnings per share for the current year.

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

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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.

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

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