Fishman Jay A Ltd. MI continued to hold its position in shares of Deere & Company (NYSE:DE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,720 shares of the industrial products company’s stock at the end of the first quarter. Fishman Jay A Ltd. MI’s holdings in Deere & were worth $840,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of DE. PGGM Investments bought a new position in shares of Deere & during the first quarter valued at $26,179,000. Dodge & Cox bought a new position in shares of Deere & during the fourth quarter valued at $2,678,000. Nordea Investment Management AB boosted its position in shares of Deere & by 1.1% in the first quarter. Nordea Investment Management AB now owns 124,936 shares of the industrial products company’s stock valued at $13,601,000 after buying an additional 1,342 shares during the period. Vident Investment Advisory LLC boosted its position in shares of Deere & by 6.2% in the fourth quarter. Vident Investment Advisory LLC now owns 12,901 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 753 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Deere & by 54.1% in the first quarter. Toronto Dominion Bank now owns 81,301 shares of the industrial products company’s stock valued at $8,850,000 after buying an additional 28,536 shares during the period. Institutional investors own 67.33% of the company’s stock.
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. Deere & Company has a 12 month low of $76.73 and a 12 month high of $129.02. The firm’s 50 day moving average is $125.71 and its 200 day moving average is $115.00.
Deere & (NYSE:DE) last posted its earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $1.70 by $0.79. The firm had revenue of $7.26 billion for 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%. Deere &’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 earnings per share. On average, equities research analysts expect that Deere & Company will post $6.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 28th. Deere &’s payout ratio is 43.24%.
A number of research firms have recently commented on DE. BidaskClub cut Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 target price on shares of Deere & in a report on Thursday, July 6th. Berenberg Bank reduced their target price on Deere & from $100.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, June 28th. Citigroup Inc. lifted their target price on Deere & from $145.00 to $150.00 and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Barclays PLC set a $100.00 target price on Deere & and gave the company a “sell” rating in a report on Sunday, June 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned 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 price target of $122.24.
In related news, CEO Samuel R. Allen sold 62,704 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the transaction, the chief executive officer now owns 333,492 shares of the company’s stock, valued at $41,686,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cory J. Reed sold 5,840 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $698,405.60. Following the transaction, the insider now directly owns 10,807 shares in the company, valued at approximately $1,292,409.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,612 shares of company stock worth $13,149,023. Corporate insiders own 0.85% of the company’s stock.
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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