Great West Life Assurance Co. Can decreased its stake in Deere & Company (NYSE:DE) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 215,827 shares of the industrial products company’s stock after selling 11,291 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Deere & worth $26,647,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Deere & by 6.5% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,925 shares of the industrial products company’s stock valued at $318,000 after buying an additional 179 shares in the last quarter. Culbertson A N & Co. Inc. boosted its stake in shares of Deere & by 0.6% in the first quarter. Culbertson A N & Co. Inc. now owns 17,879 shares of the industrial products company’s stock valued at $1,946,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Deere & by 7.1% in the first quarter. Nationwide Fund Advisors now owns 248,495 shares of the industrial products company’s stock valued at $27,051,000 after buying an additional 16,488 shares in the last quarter. CAPROCK Group Inc. boosted its stake in shares of Deere & by 5.4% in the first quarter. CAPROCK Group Inc. now owns 3,137 shares of the industrial products company’s stock valued at $341,000 after buying an additional 162 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Deere & by 262.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 72,260 shares of the industrial products company’s stock valued at $7,867,000 after buying an additional 52,310 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company (DE) opened at 116.45 on Thursday. The stock’s 50 day moving average is $126.24 and its 200-day moving average is $117.52. The stock has a market capitalization of $37.36 billion, a price-to-earnings ratio of 19.34 and a beta of 0.67. Deere & Company has a 12 month low of $79.37 and a 12 month high of $132.50. Deere & also was the target of unusually large options trading on Monday. Traders bought 731 call options on the stock. This represents an increase of approximately 255% compared to the average daily volume of 206 call options.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.06%. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

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Several analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $125.00 price target on shares of Deere & in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & in a research report on Tuesday, August 8th. They set a “buy” rating on the stock. Bank of America Corporation cut shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target on the stock. in a research report on Tuesday, August 15th. BMO Capital Markets reissued an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Deere & in a research report on Wednesday, August 16th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Deere & in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. Deere & presently has an average rating of “Hold” and a consensus price target of $126.63.

In related news, CEO Samuel R. Allen sold 62,704 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the completion of the transaction, the chief executive officer now owns 333,492 shares in the company, valued at approximately $41,686,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 159,380 shares of company stock valued at $19,694,934 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

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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