Pathstone Family Office LLC Continues to Hold Stake in Deere & Company (DE)
Pathstone Family Office LLC maintained its position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16 shares of the industrial products company’s stock at the end of the 2nd quarter. Pathstone Family Office LLC’s holdings in Deere & were worth $1,977,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its stake in Deere & by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock valued at $2,262,000 after purchasing an additional 300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Deere & by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after buying an additional 40,269 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of Deere & by 42.1% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after buying an additional 6,353 shares in the last quarter. Ngam Advisors L.P. lifted its stake in shares of Deere & by 20.8% in the first quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock worth $46,498,000 after buying an additional 73,484 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Deere & by 0.9% during the second quarter. IFP Advisors Inc now owns 15,525 shares of the industrial products company’s stock valued at $1,919,000 after buying an additional 142 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.
Deere & Company (NYSE DE) opened at 127.29 on Tuesday. The firm has a 50 day moving average of $120.07 and a 200-day moving average of $119.51. The company has a market capitalization of $40.90 billion, a price-to-earnings ratio of 21.14 and a beta of 0.69. Deere & Company has a 52-week low of $84.51 and a 52-week high of $132.50. Deere & also saw some unusual options trading on Monday. Investors acquired 731 call options on the stock. This represents an increase of 255% compared to the typical volume of 206 call options.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the company posted $1.55 earnings per share. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts expect that Deere & Company will post $6.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. Deere &’s payout ratio is 40.20%.
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 Pentz Markwart Von sold 22,095 shares of Deere & stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total value of $2,653,609.50. Following the completion of the transaction, the insider now owns 51,626 shares of the company’s stock, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. Insiders have sold a total of 93,928 shares of company stock worth $11,379,013 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Citigroup Inc. raised their price target on shares of Deere & from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) started coverage on Deere & in a research report on Tuesday, August 8th. They issued a “buy” rating on the stock. Credit Suisse Group set a $148.00 price objective on Deere & and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Argus reiterated a “buy” rating and set a $140.00 target price on shares of Deere & in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $127.58.
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.
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