Andra AP fonden Sells 7,300 Shares of Deere & Company (DE)
Andra AP fonden cut its position in shares of Deere & Company (NYSE:DE) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,200 shares of the industrial products company’s stock after selling 7,300 shares during the quarter. Andra AP fonden’s holdings in Deere & were worth $5,425,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DE. QCI Asset Management Inc. NY lifted its position in shares of Deere & by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares in the last quarter. Arrow Financial Corp raised its position in Deere & 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 acquiring an additional 50 shares during the period. Guardian Life Insurance Co. of America raised its position in Deere & by 1.4% in 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 acquiring an additional 16 shares during the period. Harfst & Associates Inc. raised its position in Deere & 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 acquiring an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its position in Deere & 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 acquiring an additional 13 shares during the period. Institutional investors own 66.03% of the company’s stock.
Deere & Company (NYSE:DE) opened at $135.03 on Monday. The stock has a market capitalization of $43,384.72, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.73. Deere & Company has a twelve month low of $87.68 and a twelve month high of $135.04. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90.
Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. equities research analysts predict that Deere & Company will post 6.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors 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 yield of 1.78%. Deere &’s dividend payout ratio is currently 40.20%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of Deere & in a research note on Thursday. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Finally, Robert W. Baird lowered shares of Deere & from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $130.00 in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $129.08.
In related 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 sale, the insider now owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. May II sold 22,095 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the sale, the insider now owns 51,429 shares in the company, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. Insiders have sold a total of 129,998 shares of company stock worth $16,081,377 over the last three months. Insiders own 0.75% of the company’s stock.
Deere & 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.
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