Deere & Company (DE) Holdings Trimmed by Robecosam AG
Robecosam AG decreased its holdings in Deere & Company (NYSE:DE) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,543 shares of the industrial products company’s stock after selling 5,172 shares during the period. Robecosam AG’s holdings in Deere & were worth $5,137,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. QCI Asset Management Inc. NY grew its position in shares of Deere & by 18.8% during the 2nd 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 grew its position in shares of Deere & by 5.2% during the 2nd 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. grew its position in shares of Deere & by 44.2% during the 2nd 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 grew its position in shares of Deere & by 1.1% during the 2nd 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 bought a new position in shares of Deere & during the 2nd quarter worth $155,000. Institutional investors and hedge funds own 67.05% of the company’s stock.
Shares of Deere & Company (DE) opened at $145.50 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 12 month low of $98.57 and a 12 month high of $147.91. The company has a market capitalization of $46,830.00, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73.
Deere & (NYSE:DE) last released its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Deere & 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 last year, the business posted $0.90 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. equities research analysts predict that Deere & Company will post 7.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 43.24%.
In other Deere & news, insider Pentz Markwart Von sold 22,095 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total value of $2,653,609.50. Following the completion of the sale, the insider now directly owns 51,626 shares in the company, valued at $6,200,282.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Max A. Guinn sold 8,551 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $134.89, for a total value of $1,153,444.39. Following the completion of the sale, the insider now owns 50,939 shares of the company’s stock, valued at $6,871,161.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,684 shares of company stock valued at $13,270,809. 0.85% of the stock is currently owned by company insiders.
DE has been the topic of a number of recent research reports. Goldman Sachs Group Inc raised Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a research report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 price objective on shares of Deere & in a research report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 price objective (up previously from $135.00) on shares of Deere & in a research report on Friday, August 11th. Bank of America Corporation downgraded Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price objective on the stock. in a research report on Tuesday, August 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of Deere & in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $135.43.
TRADEMARK VIOLATION NOTICE: “Deere & Company (DE) Holdings Trimmed by Robecosam AG” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/deere-company-de-holdings-trimmed-by-robecosam-ag/1725536.html.
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.
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.