Deere & Company (NYSE:DE) Shares Bought by Mid Atlantic Financial Management Inc. ADV

Mid Atlantic Financial Management Inc. ADV grew its stake in shares of Deere & Company (NYSE:DE) by 32.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,129 shares of the industrial products company’s stock after acquiring an additional 518 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Deere & Company were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DE. Varma Mutual Pension Insurance Co acquired a new position in shares of Deere & Company during the 1st quarter worth approximately $37,414,000. Essex Financial Services Inc. raised its position in shares of Deere & Company by 34.8% during the 1st quarter. Essex Financial Services Inc. now owns 2,804 shares of the industrial products company’s stock worth $1,049,000 after purchasing an additional 724 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of Deere & Company by 2.0% during the 1st quarter. Jacobi Capital Management LLC now owns 4,741 shares of the industrial products company’s stock worth $1,774,000 after purchasing an additional 92 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of Deere & Company by 9.1% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 2,137 shares of the industrial products company’s stock worth $800,000 after purchasing an additional 179 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Deere & Company by 11.7% during the 1st quarter. Teacher Retirement System of Texas now owns 143,616 shares of the industrial products company’s stock worth $53,732,000 after purchasing an additional 14,989 shares during the last quarter. Institutional investors own 66.56% of the company’s stock.

In other Deere & Company news, CEO John C. May II sold 39,336 shares of the business’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $359.07, for a total value of $14,124,377.52. Following the transaction, the chief executive officer now owns 78,949 shares in the company, valued at approximately $28,348,217.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tami A. Erwin acquired 275 shares of the business’s stock in a transaction on Wednesday, June 2nd. The stock was purchased at an average price of $359.61 per share, for a total transaction of $98,892.75. The disclosure for this purchase can be found here. Insiders own 0.31% of the company’s stock.

NYSE:DE opened at $341.44 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.29 and a quick ratio of 2.05. The firm has a market cap of $106.51 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 0.99 and a beta of 1.04. The company’s fifty day simple moving average is $371.30. Deere & Company has a twelve month low of $148.12 and a twelve month high of $400.34.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 20th. The industrial products company reported $5.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $1.24. The business had revenue of $11 billion for the quarter, compared to analyst estimates of $10.27 billion. Deere & Company had a net margin of 11.51% and a return on equity of 33.31%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 EPS. Equities research analysts forecast that Deere & Company will post 17.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 9th. Investors of record on Wednesday, June 30th will be issued a dividend of $0.90 per share. The ex-dividend date is Tuesday, June 29th. This represents a $3.60 annualized dividend and a dividend yield of 1.05%. Deere & Company’s payout ratio is 41.43%.

Several research analysts recently issued reports on the company. Citigroup lifted their price objective on Deere & Company from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, May 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Deere & Company from $360.00 to $402.00 and gave the stock a “hold” rating in a research note on Tuesday, April 13th. Barclays lifted their target price on shares of Deere & Company from $330.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 22nd. Stifel Nicolaus lifted their target price on shares of Deere & Company from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, May 24th. Finally, Oppenheimer lifted their target price on shares of Deere & Company from $331.00 to $380.00 and gave the stock an “outperform” rating in a research note on Monday, February 22nd. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Deere & Company currently has an average rating of “Buy” and an average price target of $352.22.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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