Neville Rodie & Shaw Inc. Has $1,312,000 Stake in Deere & Company (NYSE:DE)
Neville Rodie & Shaw Inc. continued to hold its position in shares of Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The institutional investor owned 10,622 shares of the industrial products company’s stock at the end of the second quarter. Neville Rodie & Shaw Inc.’s holdings in Deere & were worth $1,312,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ledyard National Bank boosted its position in shares of Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of 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 worth $123,000 after buying an additional 16 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares in the last quarter. Endurance Wealth Management Inc. boosted its position in shares of Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.
Shares of Deere & Company (NYSE DE) traded down 0.59% on Friday, hitting $127.03. 1,001,461 shares of the stock traded hands. The stock has a 50 day moving average of $126.59 and a 200-day moving average of $116.50. The stock has a market cap of $40.63 billion, a PE ratio of 22.87 and a beta of 0.67. Deere & Company has a 1-year low of $76.73 and a 1-year high of $132.50.
Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.79. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 EPS. On average, equities research analysts expect that Deere & Company will post $6.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, June 28th. Deere &’s payout ratio is 43.24%.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.watchlistnews.com/neville-rodie-shaw-inc-has-1312000-stake-in-deere-company-nysede/1475750.html.
A number of brokerages have recently issued reports on DE. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the company a “buy” rating in a research note on Saturday, May 20th. BidaskClub cut shares of Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reiterated a “sell” rating and set a $82.00 target price (up previously from $80.00) on shares of Deere & in a research report on Tuesday, April 18th. Stifel Nicolaus increased their target price on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, J P Morgan Chase & Co upgraded shares of Deere & from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $103.00 to $122.00 in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. Deere & presently has a consensus rating of “Hold” and an average price target of $122.60.
In related news, insider Max A. Guinn sold 5,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value 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 $41,686,500. 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. Company 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).
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.