Livforsakringsbolaget Skandia Omsesidigt Has $635,000 Stake in Deere & Company (DE)
Livforsakringsbolaget Skandia Omsesidigt maintained its position in Deere & Company (NYSE:DE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,142 shares of the industrial products company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Deere & were worth $635,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Ledyard National Bank boosted its position in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares in the last quarter. MCF Advisors LLC boosted its position in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares in the last quarter. Endurance Wealth Management Inc. boosted its position in Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock valued at $153,000 after buying an additional 30 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock valued at $167,000 after buying an additional 193 shares in the last quarter. 67.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Deere & Company (NYSE:DE) traded down 1.13% during trading on Thursday, hitting $130.92. The stock had a trading volume of 559,224 shares. Deere & Company has a one year low of $76.73 and a one year high of $132.50. The firm’s 50-day moving average is $126.50 and its 200-day moving average is $116.42. The firm has a market cap of $41.88 billion, a P/E ratio of 23.57 and a beta of 0.67. Deere & also saw some unusual options trading on Monday. Stock traders acquired 731 call options on the company. This is an increase of approximately 255% compared to the average volume of 206 call options.
Deere & (NYSE:DE) last announced its earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the company earned $1.56 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post $6.37 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 annualized dividend and a yield of 1.81%. Deere &’s payout ratio is 43.24%.
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Several research analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 price objective on shares of Deere & in a research report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on Deere & in a research report on Tuesday. They set a “buy” rating for the company. BidaskClub cut Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Berenberg Bank lowered their price objective on Deere & from $100.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, June 28th. Finally, Citigroup Inc. upped their price objective on Deere & from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $122.60.
In related news, insider Cory J. Reed sold 5,840 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total transaction of $698,405.60. Following the sale, the insider now owns 10,807 shares of the company’s stock, valued at $1,292,409.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Marc A. Howze sold 6,624 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $792,164.16. Following the sale, the vice president now directly owns 9,004 shares in the company, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,988 shares of company stock worth $16,451,037. 0.85% of the stock is owned by corporate insiders.
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.
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