Risk Paradigm Group LLC raised its holdings in Deere & Company (NYSE:DE) by 130.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,598 shares of the industrial products company’s stock after buying an additional 904 shares during the period. Risk Paradigm Group LLC’s holdings in Deere & were worth $197,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in Deere & by 1.7% in 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 buying an additional 300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Deere & by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock valued at $140,891,000 after buying an additional 40,269 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in Deere & by 42.1% in the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock valued at $2,334,000 after buying an additional 6,353 shares during the last quarter. Ngam Advisors L.P. increased its stake in Deere & by 20.8% in the 1st quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock valued at $46,498,000 after buying an additional 73,484 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Deere & by 0.9% in the 2nd 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. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Several equities research analysts have issued reports on DE shares. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Deere & in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Finally, Credit Suisse Group lowered shares of Deere & from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $127.76.

Shares of Deere & Company (NYSE:DE) opened at 128.13 on Friday. The company’s 50 day moving average is $120.25 and its 200 day moving average is $119.88. The company has a market cap of $41.17 billion, a P/E ratio of 21.28 and a beta of 0.69. Deere & Company has a one year low of $85.27 and a one year high of $132.50.

Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Deere & Company will post $6.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.87%. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

In related news, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the sale, the insider now owns 47,165 shares in the company, valued at $5,506,042.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John C. May II sold 22,095 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the sale, the insider now owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. Insiders have sold 116,023 shares of company stock valued at $14,185,962 in the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

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Deere & 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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