Ameriprise Financial Inc. lowered its position in Deere & Company (NYSE:DE) by 11.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,010,496 shares of the industrial products company’s stock after selling 124,854 shares during the period. Ameriprise Financial Inc. owned 0.31% of Deere & Company worth $126,944,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. QCI Asset Management Inc. NY increased its holdings in 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 during the last quarter. Arrow Financial Corp increased its holdings in 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 during the last quarter. Harfst & Associates Inc. grew its holdings in Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in Deere & Company during the second quarter valued at approximately $155,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

Several equities analysts have commented on DE shares. Goldman Sachs Group Inc upgraded Deere & Company from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a report on Monday, August 7th. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, November 2nd. Deutsche Bank AG upgraded Deere & Company from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $167.00 in a report on Thursday. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $150.00 price target on shares of Deere & Company in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $136.33.

In related news, insider Max A. Guinn sold 7,174 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $132.98, for a total value of $953,998.52. Following the completion of the transaction, the insider now directly owns 49,562 shares of the company’s stock, valued at $6,590,754.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 24,143 shares of the firm’s stock in a transaction 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 directly owns 57,086 shares of the company’s stock, valued at $7,725,448.38. The disclosure for this sale can be found here. Insiders sold 102,684 shares of company stock valued at $13,270,809 over the last three months. 0.85% of the stock is owned by company insiders.

Shares of Deere & Company (DE) opened at $145.50 on Friday. Deere & Company has a 12-month low of $98.57 and a 12-month high of $147.91. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.90. The firm has a market capitalization of $46,748.71, a P/E ratio of 21.91, a PEG ratio of 2.57 and a beta of 0.73.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period in the prior year, the business earned $0.90 earnings per share. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. sell-side analysts anticipate that Deere & Company will post 7.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given a $0.60 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. Deere & Company’s dividend payout ratio is 36.14%.

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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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