Hennessy Advisors Inc. raised its stake in shares of Deere & Company (NYSE:DE) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Hennessy Advisors Inc.’s holdings in Deere & were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Princeton Capital Management Inc. lifted its position in Deere & by 15.0% during the third quarter. Princeton Capital Management Inc. now owns 9,511 shares of the company’s stock valued at $1,194,000 after purchasing an additional 1,240 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in Deere & during the third quarter valued at approximately $158,000. Advantus Capital Management Inc lifted its position in Deere & by 9.2% during the third quarter. Advantus Capital Management Inc now owns 32,410 shares of the company’s stock valued at $4,070,000 after purchasing an additional 2,735 shares during the last quarter. Swiss National Bank lifted its position in Deere & by 0.9% during the third quarter. Swiss National Bank now owns 996,719 shares of the company’s stock valued at $125,178,000 after purchasing an additional 8,900 shares during the last quarter. Finally, World Asset Management Inc lifted its position in Deere & by 6.0% during the third quarter. World Asset Management Inc now owns 33,077 shares of the company’s stock valued at $4,154,000 after purchasing an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.

In other Deere & news, insider Max A. Guinn sold 8,551 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of C$134.89, for a total transaction of C$1,153,444.39. Following the transaction, the insider now directly owns 50,939 shares of the company’s stock, valued at approximately C$6,871,161.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 22,095 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$120.10, for a total transaction of C$2,653,609.50. Following the transaction, the insider now directly owns 51,626 shares in the company, valued at C$6,200,282.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,141 shares of company stock worth $18,694,199. Insiders own 0.85% of the company’s stock.

Shares of Deere & Company (NYSE DE) traded up C$0.94 during trading on Friday, reaching C$132.23. 2,990,000 shares of the company’s stock were exchanged, compared to its average volume of 1,765,390. The company has a current ratio of 2.10, a quick ratio of 1.90 and a debt-to-equity ratio of 2.76. The stock has a market cap of $42,473.86, a P/E ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73. Deere & Company has a fifty-two week low of C$89.69 and a fifty-two week high of C$136.69.

Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The company reported C$1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.93 by C$0.04. The business had revenue of C$6.83 billion for the quarter, compared to the consensus estimate of C$6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 EPS. sell-side analysts expect 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. Shareholders of record on Friday, September 29th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s payout ratio is currently 40.20%.

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Several equities research analysts have issued reports 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 report on Thursday, November 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 target price on shares of Deere & in a research report on Wednesday, August 9th. BMO Capital Markets reiterated a “buy” rating and set a $150.00 target price on shares of Deere & in a research report on Thursday, November 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Deere & in a research report on Friday, August 11th. Finally, Robert W. Baird lowered shares of Deere & from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $140.00 to $130.00 in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$129.08.

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.

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

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