Coldstream Capital Management Inc. Acquires Shares of 1,641 Deere & Company (DE)
Coldstream Capital Management Inc. acquired a new stake in Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,641 shares of the industrial products company’s stock, valued at approximately $206,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Afam Capital Inc. raised its position in shares of Deere & Company by 2.0% during the third quarter. Afam Capital Inc. now owns 63,837 shares of the industrial products company’s stock worth $8,017,000 after acquiring an additional 1,245 shares during the last quarter. Piedmont Investment Advisors LLC raised its position in shares of Deere & Company by 1.3% during the third quarter. Piedmont Investment Advisors LLC now owns 104,398 shares of the industrial products company’s stock worth $13,111,000 after acquiring an additional 1,377 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Deere & Company by 8.9% during the third quarter. California Public Employees Retirement System now owns 796,383 shares of the industrial products company’s stock worth $100,018,000 after acquiring an additional 65,031 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Deere & Company by 1.0% during the third 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. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Deere & Company during the third quarter worth $492,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.
In other Deere & Company news, insider Max A. Guinn sold 21,989 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $151.39, for a total value of $3,328,914.71. Following the completion of the transaction, the insider now directly owns 64,377 shares of the company’s stock, valued at $9,746,034.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Marc A. Howze sold 7,731 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $151.76, for a total value of $1,173,256.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,486 shares of company stock valued at $29,869,619. Insiders own 0.75% of the company’s stock.
Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. equities research analysts predict that Deere & Company will post 7.94 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.59%. Deere & Company’s payout ratio is 36.14%.
DE has been the subject of a number of recent research reports. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank boosted their target price on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, November 2nd. Goldman Sachs Group restated a “buy” rating on shares of Deere & Company in a research report on Sunday, August 20th. Finally, Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $155.00 in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $143.68.
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About Deere & Company
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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