Xact Kapitalforvaltning AB Sells 2,267 Shares of Deere & Company (NYSE:DE)
Xact Kapitalforvaltning AB lowered its stake in Deere & Company (NYSE:DE) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,844 shares of the industrial products company’s stock after selling 2,267 shares during the period. Xact Kapitalforvaltning AB’s holdings in Deere & were worth $6,284,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Ledyard National Bank raised its stake 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 raised its stake 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 raised its stake 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. raised its stake 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 raised its stake 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 and hedge funds own 67.35% of the company’s stock.
Deere & Company (NYSE:DE) traded down 1.31% on Thursday, hitting $130.67. The stock had a trading volume of 633,499 shares. The firm has a market cap of $41.80 billion, a PE ratio of 23.52 and a beta of 0.67. The company has a 50-day moving average price of $126.50 and a 200 day moving average price of $116.42. Deere & Company has a 52-week low of $76.73 and a 52-week high of $132.50. Deere & also saw unusually large options trading on Monday. Stock investors purchased 731 call options on the company. This represents an increase of approximately 255% compared to the average daily volume of 206 call options.
Deere & (NYSE:DE) last issued its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.79. The company had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.27 billion. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. Equities analysts forecast that Deere & Company will post $6.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.81%. Deere &’s dividend payout ratio (DPR) is 43.24%.
A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $125.00 price objective on shares of Deere & in a research report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on Deere & in a research report on Tuesday. They issued a “buy” rating on the stock. BidaskClub lowered Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Berenberg Bank cut their price objective on Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, June 28th. Finally, Citigroup Inc. lifted their price objective on Deere & from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.60.
In other Deere & news, VP Marc A. Howze sold 6,624 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $119.59, for a total transaction of $792,164.16. Following the sale, the vice president now directly owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. Insiders sold a total of 130,988 shares of company stock valued at $16,451,037 in the last 90 days. 0.85% of the stock is currently owned by company insiders.
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.
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