Sei Investments Co. Sells 15,801 Shares of Deere & Company (DE)
Sei Investments Co. reduced its position in Deere & Company (NYSE:DE) by 6.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 213,819 shares of the company’s stock after selling 15,801 shares during the quarter. Sei Investments Co. owned about 0.07% of Deere & worth $26,854,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. QCI Asset Management Inc. NY grew its stake in shares of Deere & by 18.8% during the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the company’s stock worth $117,000 after purchasing an additional 150 shares during the period. Arrow Financial Corp grew its stake in shares of Deere & by 5.2% during the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the company’s stock worth $125,000 after purchasing an additional 50 shares during the period. Guardian Life Insurance Co. of America grew its stake in shares of Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the company’s stock worth $123,000 after purchasing an additional 16 shares during the period. Harfst & Associates Inc. grew its stake in shares of Deere & by 44.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the company’s stock worth $145,000 after purchasing an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the company’s stock worth $154,000 after purchasing an additional 13 shares during the period. 65.67% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on DE. Zacks Investment Research raised shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, November 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price target on shares of Deere & in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $140.00 price target on shares of Deere & in a research note on Thursday, October 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $129.00 price target (down from $135.00) on shares of Deere & in a research note on Monday, October 9th. Finally, ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$129.08.
Shares of Deere & Company (NYSE DE) traded up C$0.95 during mid-day trading on Monday, hitting C$132.23. 2,990,700 shares of the stock traded hands, compared to its average volume of 2,359,648. The stock has a market cap of $42,473.85, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73. Deere & Company has a 1-year low of C$89.69 and a 1-year high of C$136.69. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10.
Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The company reported C$1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.93 by C$0.04. The business had revenue of C$6.83 billion for the quarter, compared to analyst estimates of C$6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 EPS. equities analysts expect that Deere & Company will post 6.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. Deere &’s payout ratio is currently 40.20%.
In related news, insider John C. May II sold 22,095 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of C$127.04, for a total value of C$2,806,948.80. Following the transaction, the insider now owns 51,429 shares in the company, valued at C$6,533,540.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pentz Markwart Von sold 24,143 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of C$135.33, for a total transaction of C$3,267,272.19. Following the completion of the transaction, the insider now owns 57,086 shares in the company, valued at approximately C$7,725,448.38. The disclosure for this sale can be found here. Insiders sold 149,141 shares of company stock worth $18,694,199 in the last 90 days. 0.75% of the stock is currently owned by 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.
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