Blue Rock Advisors LLC bought a new stake in Deere & Company (NYSE:DE) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,010 shares of the industrial products company’s stock, valued at approximately $1,885,000. Deere & accounts for about 2.9% of Blue Rock Advisors LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also recently modified their holdings of DE. Marco Investment Management LLC grew its stake in Deere & by 0.3% in the 2nd quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock valued at $232,000 after buying an additional 6 shares during the last quarter. Nadler Financial Group Inc. grew its stake in Deere & by 0.4% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock valued at $334,000 after buying an additional 10 shares during the last quarter. Blue Chip Partners Inc. grew its stake in Deere & by 0.3% in the 2nd quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock valued at $456,000 after buying an additional 10 shares during the last quarter. Northwest Quadrant Wealth Management LLC grew its stake in Deere & by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock valued at $418,000 after buying an additional 13 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in Deere & by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares during the last quarter. 67.05% of the stock is currently owned by institutional investors.

Shares of Deere & Company (NYSE DE) traded up $1.71 during trading hours on Monday, reaching $137.48. 905,421 shares of the company traded hands, compared to its average volume of 2,348,028. The company has a market cap of $43,622.48, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. Deere & Company has a fifty-two week low of $91.33 and a fifty-two week high of $136.69.

Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $1.55 EPS. equities analysts predict that Deere & Company will post 6.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, September 28th. Deere &’s payout ratio is currently 40.20%.

TRADEMARK VIOLATION WARNING: “Blue Rock Advisors LLC Buys Shares of 15,010 Deere & Company (DE)” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/blue-rock-advisors-llc-buys-shares-of-15010-deere-company-de/1716049.html.

A number of brokerages have issued reports on DE. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and set a $125.00 target price on shares of Deere & in a research report on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Deere & in a research report on Friday, August 11th. Finally, Bank of America Corporation lowered shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $130.08.

In other news, insider Pentz Markwart Von sold 24,143 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.33, for a total transaction of $3,267,272.19. Following the completion of the transaction, the insider now owns 57,086 shares of the company’s stock, valued at $7,725,448.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. May II sold 18,626 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the transaction, the insider now directly owns 37,462 shares of the company’s stock, valued at approximately $4,898,531.12. The disclosure for this sale can be found here. Insiders have sold 149,141 shares of company stock valued at $18,694,199 in the last ninety days. Insiders own 0.75% of the company’s stock.

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 & (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with Analyst Ratings Network's FREE daily email newsletter.