Rhumbline Advisers increased its position in Deere & Company (NYSE:DE) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 570,766 shares of the industrial products company’s stock after buying an additional 29,971 shares during the period. Rhumbline Advisers owned 0.18% of Deere & worth $71,683,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Marco Investment Management LLC lifted its position in shares of Deere & by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after buying an additional 6 shares in the last quarter. Nadler Financial Group Inc. increased its stake in Deere & by 0.4% during the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 10 shares during the last quarter. Blue Chip Partners Inc. increased its stake in Deere & by 0.3% during the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 10 shares during the last quarter. Northwest Quadrant Wealth Management LLC increased its stake in Deere & by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 13 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its stake in Deere & by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 65.67% of the company’s stock.

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In other news, insider John C. May II sold 18,626 shares of Deere & stock in a transaction that occurred 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 sale, the insider now owns 37,462 shares of the company’s stock, valued at approximately $4,898,531.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Pentz Markwart Von sold 24,143 shares of Deere & stock in a transaction that occurred 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 sale, the insider now directly owns 57,086 shares in the company, valued at approximately $7,725,448.38. The disclosure for this sale can be found here. Insiders sold a total of 149,141 shares of company stock worth $18,694,199 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Deere & Company (DE) traded up $0.95 on Monday, reaching $132.23. 2,990,700 shares of the company’s stock were exchanged, compared to its average volume of 2,359,648. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. Deere & Company has a twelve month low of $89.69 and a twelve month high of $136.69. The stock has a market cap of $42,473.85, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73.

Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the company posted $1.55 EPS. The business’s revenue was up 16.6% on a year-over-year basis. sell-side analysts forecast that Deere & Company will post 6.47 EPS for the current year.

The firm also recently announced 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 1.82%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is 40.20%.

A number of research analysts have recently commented on the company. BidaskClub raised Deere & from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) raised Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 target price on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Deere & in a research note on Friday, August 11th. Finally, Bank of America Corporation cut Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a research note 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 given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $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.

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

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