Factory Mutual Insurance Co. continued to hold its position in Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The firm owned 120,000 shares of the industrial products company’s stock at the end of the second quarter. Factory Mutual Insurance Co.’s holdings in Deere & were worth $14,831,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock valued at $2,225,128,000 after buying an additional 1,541,004 shares during the last quarter. BlackRock Inc. raised its position in Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock valued at $1,819,643,000 after buying an additional 16,055,453 shares during the last quarter. State Street Corp raised its position in Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the last quarter. First Eagle Investment Management LLC raised its position in Deere & by 5.1% in the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock valued at $724,205,000 after buying an additional 322,158 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.

Shares of Deere & Company (DE) traded down 0.85% on Friday, reaching $126.70. The company’s stock had a trading volume of 2,305,693 shares. The firm has a 50-day moving average price of $126.67 and a 200 day moving average price of $116.64. Deere & Company has a one year low of $76.73 and a one year high of $132.50. The firm has a market capitalization of $40.53 billion, a PE ratio of 22.81 and a beta of 0.67.

Deere & (NYSE:DE) last posted its earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post $6.37 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Factory Mutual Insurance Co. Continues to Hold Stake in Deere & Company (DE)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/factory-mutual-insurance-co-continues-to-hold-stake-in-deere-company-de/1479488.html.

DE has been the topic of several recent research reports. BidaskClub lowered Deere & from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Barclays PLC raised their price target on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a research report on Monday, May 22nd. BMO Capital Markets raised their price target on Deere & from $128.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada restated a “hold” rating and set a $133.00 price target on shares of Deere & in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation raised their price target on Deere & from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Deere & has a consensus rating of “Hold” and an average target price of $122.79.

In other news, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total transaction of $654,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.99, for a total value of $1,041,869.85. Following the sale, the insider now owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. Insiders have sold a total of 130,988 shares of company stock worth $16,451,037 over the last 90 days. Insiders own 0.85% of the company’s stock.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE).

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with Analyst Ratings Network's FREE daily email newsletter.