First Financial Bank Trust Division increased its position in Deere & Company (NYSE:DE) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,767 shares of the industrial products company’s stock after buying an additional 104 shares during the period. First Financial Bank Trust Division’s holdings in Deere & were worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DE. Ledyard National Bank increased its position in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased 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 buying an additional 16 shares in the last quarter. MCF Advisors LLC increased its position in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares in the last quarter. Endurance Wealth Management Inc. increased its position in Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Deere & Company (NYSE DE) traded down 0.02% during mid-day trading on Wednesday, reaching $127.16. 768,655 shares of the company’s stock were exchanged. The firm has a market cap of $40.67 billion, a P/E ratio of 22.89 and a beta of 0.67. Deere & Company has a 52-week low of $76.73 and a 52-week high of $132.50. The company has a 50 day moving average price of $126.92 and a 200 day moving average price of $117.06. Deere & also saw some unusual options trading activity on Monday. Investors purchased 8,722 put options on the company. This is an increase of approximately 189% compared to the typical volume of 3,017 put options.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts forecast that Deere & Company will post $6.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were paid a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. Deere &’s dividend payout ratio (DPR) is 43.24%.

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Several equities research analysts recently issued reports on DE shares. BidaskClub downgraded shares of Deere & from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Barclays PLC raised their target price on shares of Deere & from $82.00 to $90.00 and gave the company a “sell” rating in a research note on Monday, May 22nd. BMO Capital Markets raised their target price on shares of Deere & from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $133.00 target price on shares of Deere & in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation raised their target price on shares of Deere & from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $123.26.

In other Deere & news, insider Cory J. Reed sold 4,936 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $128.00, for a total transaction of $631,808.00. Following the completion of the sale, the insider now owns 9,903 shares of the company’s stock, valued at approximately $1,267,584. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the sale, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at approximately $41,686,500. The disclosure for this sale can be found here. Insiders sold a total of 130,988 shares of company stock valued at $16,451,037 in the last ninety days. 0.75% of the stock is owned by corporate insiders.

About Deere &

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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Institutional Ownership by Quarter for Deere & (NYSE:DE)

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