Deere & Company (NYSE:DE) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its position in Deere & Company (NYSE:DEGet Rating) by 24.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,903 shares of the industrial products company’s stock after selling 625 shares during the period. Axxcess Wealth Management LLC’s holdings in Deere & Company were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DE. United Capital Financial Advisers LLC raised its position in Deere & Company by 0.6% during the second quarter. United Capital Financial Advisers LLC now owns 72,054 shares of the industrial products company’s stock worth $21,578,000 after acquiring an additional 461 shares during the last quarter. Rhumbline Advisers raised its position in Deere & Company by 3.6% during the second quarter. Rhumbline Advisers now owns 512,276 shares of the industrial products company’s stock worth $153,411,000 after acquiring an additional 17,959 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in Deere & Company by 8.2% during the second quarter. Beacon Pointe Advisors LLC now owns 15,985 shares of the industrial products company’s stock worth $4,786,000 after acquiring an additional 1,215 shares during the last quarter. Cohen Lawrence B raised its position in Deere & Company by 1.7% during the second quarter. Cohen Lawrence B now owns 6,373 shares of the industrial products company’s stock worth $1,909,000 after acquiring an additional 105 shares during the last quarter. Finally, AlphaCrest Capital Management LLC raised its position in Deere & Company by 5.7% during the second quarter. AlphaCrest Capital Management LLC now owns 5,564 shares of the industrial products company’s stock worth $1,666,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Argus lifted their target price on shares of Deere & Company from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Bank of America lifted their price target on shares of Deere & Company from $335.00 to $381.00 in a report on Sunday, August 21st. Credit Suisse Group lifted their price target on shares of Deere & Company from $393.00 to $447.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Oppenheimer lifted their price target on shares of Deere & Company from $415.00 to $492.00 in a report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Deere & Company from $416.00 to $439.00 in a report on Monday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $412.58.

Deere & Company Trading Up 5.0 %

Shares of DE stock opened at $437.52 on Thursday. The stock has a market cap of $132.05 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 1.69. Deere & Company has a fifty-two week low of $283.81 and a fifty-two week high of $448.40. The firm’s 50 day moving average price is $375.09 and its two-hundred day moving average price is $353.29.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Shareholders of record on Friday, September 30th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $4.52 dividend on an annualized basis and a yield of 1.03%. Deere & Company’s dividend payout ratio (DPR) is 22.59%.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, CAO Marc A. Howze sold 4,019 shares of Deere & Company stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $373.22, for a total transaction of $1,499,971.18. Following the transaction, the chief accounting officer now directly owns 17,321 shares of the company’s stock, valued at $6,464,543.62. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Cory J. Reed sold 2,034 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $401.75, for a total transaction of $817,159.50. Following the transaction, the insider now directly owns 30,946 shares of the company’s stock, valued at $12,432,555.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Marc A. Howze sold 4,019 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $373.22, for a total transaction of $1,499,971.18. Following the transaction, the chief accounting officer now directly owns 17,321 shares in the company, valued at $6,464,543.62. The disclosure for this sale can be found here. Insiders have sold a total of 14,019 shares of company stock valued at $5,516,276 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Deere & Company Profile

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Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

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

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