KBC Group NV increased its stake in Deere & Company (NYSE:DE) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,733 shares of the industrial products company’s stock after buying an additional 3,039 shares during the period. KBC Group NV’s holdings in Deere & were worth $5,741,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kistler Tiffany Companies LLC increased its position in Deere & by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock valued at $220,000 after buying an additional 8 shares in the last quarter. Nadler Financial Group Inc. increased its position in Deere & by 0.4% in the first quarter. Nadler Financial Group Inc. now owns 2,694 shares of the industrial products company’s stock valued at $293,000 after buying an additional 10 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Deere & by 0.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 6,958 shares of the industrial products company’s stock valued at $757,000 after buying an additional 25 shares during the last quarter. Legacy Capital Partners Inc. boosted its stake in shares of Deere & by 0.4% in the first quarter. Legacy Capital Partners Inc. now owns 6,620 shares of the industrial products company’s stock valued at $721,000 after buying an additional 25 shares during the last quarter. Finally, Endurance Wealth Management Inc. boosted 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 valued at $153,000 after buying an additional 30 shares during the last quarter. 67.33% of the stock is owned by institutional investors and hedge funds.
Shares of Deere & Company (NYSE:DE) traded up 0.37% on Friday, reaching $128.91. The company had a trading volume of 1,261,212 shares. The firm has a market capitalization of $41.23 billion, a PE ratio of 23.21 and a beta of 0.66. The company has a 50-day moving average price of $125.71 and a 200-day moving average price of $115.00. Deere & Company has a 52-week low of $76.73 and a 52-week high of $129.02.
Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.79. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. Equities research analysts forecast that Deere & Company will post $6.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 28th. Deere &’s payout ratio is 43.24%.
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A number of equities analysts have recently weighed in on DE shares. TheStreet upgraded Deere & from a “c+” rating to an “a-” rating in a report on Friday, May 19th. Credit Suisse Group set a $132.00 price target on Deere & and gave the company a “buy” rating in a research report on Saturday, May 20th. Stifel Nicolaus increased their price target on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. BMO Capital Markets reissued a “buy” rating and set a $128.00 target price on shares of Deere & in a research report on Thursday, April 20th. Finally, Citigroup Inc. raised their target price on Deere & from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $122.24.
In other Deere & news, insider Cory J. Reed sold 4,936 shares of Deere & stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $128.00, for a total value of $631,808.00. Following the sale, the insider now owns 9,903 shares of the company’s stock, valued at $1,267,584. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Samuel R. Allen sold 62,704 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the completion of the sale, the chief executive officer now directly owns 333,492 shares in the company, valued at approximately $41,686,500. The disclosure for this sale can be found here. Insiders sold 105,612 shares of company stock valued at $13,149,023 over the last 90 days. Corporate insiders own 0.85% of the company’s stock.
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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