RB Capital Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,778 shares of the industrial products company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ledyard National Bank increased 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 increased 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 increased 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. increased 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 increased 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. 67.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Deere & Company (NYSE:DE) traded up 1.74% during trading on Monday, reaching $128.91. The company had a trading volume of 635,333 shares. The firm has a 50-day moving average of $126.67 and a 200 day moving average of $116.64. Deere & Company has a 52 week low of $76.73 and a 52 week high of $132.50. The firm has a market capitalization of $41.23 billion, a price-to-earnings ratio of 23.21 and a beta of 0.67.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating 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 prior year, the firm posted $1.56 earnings per share. Deere &’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post $6.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, June 28th. Deere &’s payout ratio is currently 43.24%.

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Several research firms recently commented on DE. Credit Suisse Group set a $132.00 price objective on Deere & and gave the company a “buy” rating in a research note on Saturday, May 20th. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC reissued a “sell” rating and issued a $82.00 price objective (up from $80.00) on shares of Deere & in a research note on Tuesday, April 18th. Stifel Nicolaus increased their price objective on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, J P Morgan Chase & Co raised Deere & from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $103.00 to $122.00 in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Deere & has an average rating of “Hold” and a consensus target price of $122.79.

In other Deere & news, insider Cory J. Reed sold 4,936 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $128.00, for a total transaction of $631,808.00. Following the sale, the insider now owns 9,903 shares in the company, valued at $1,267,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Marc A. Howze sold 6,624 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $119.59, for a total value of $792,164.16. Following the sale, the vice president now owns 9,004 shares in the company, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. Insiders have sold 130,988 shares of company stock worth $16,451,037 in the last 90 days. 0.75% of the stock is currently owned by 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.

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

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