Delta Lloyd Asset Management N.V. purchased a new position in shares of Deere & Company (NYSE:DE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 36,422 shares of the industrial products company’s stock, valued at approximately $4,501,000.
A number of other institutional investors have also bought and sold shares of DE. Swiss National Bank boosted its holdings in shares of Deere & by 4.3% during the second quarter. Swiss National Bank now owns 987,819 shares of the industrial products company’s stock worth $122,085,000 after acquiring an additional 40,900 shares during the period. Eagle Asset Management Inc. bought a new stake in shares of Deere & during the second quarter worth approximately $2,458,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Deere & by 6.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,181 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 126 shares during the period. Pacad Investment Ltd. boosted its holdings in shares of Deere & by 10.7% during the second quarter. Pacad Investment Ltd. now owns 15,613 shares of the industrial products company’s stock worth $1,930,000 after acquiring an additional 1,508 shares during the period. Finally, Chicago Equity Partners LLC boosted its holdings in shares of Deere & by 83.3% during the second quarter. Chicago Equity Partners LLC now owns 8,505 shares of the industrial products company’s stock worth $1,051,000 after acquiring an additional 3,865 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.
Shares of Deere & Company (DE) opened at 123.95 on Thursday. The company has a market cap of $39.82 billion, a PE ratio of 20.59 and a beta of 0.70. Deere & Company has a 1-year low of $82.33 and a 1-year high of $132.50. The firm’s 50 day moving average is $121.41 and its 200-day moving average is $118.58. Deere & also was the recipient of some unusual options trading activity on Monday. Traders acquired 731 call options on the stock. This represents an increase of approximately 255% compared to the typical daily volume of 206 call options.
Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. The firm had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. Equities analysts expect 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. Stockholders of record on Friday, September 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is currently 40.20%.
In other news, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,928 shares of company stock worth $11,379,013. Corporate insiders own 0.85% of the company’s stock.
A number of brokerages have recently issued reports on DE. Jefferies Group LLC restated a “hold” rating and set a $125.00 price objective on shares of Deere & in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) began coverage on Deere & in a report on Tuesday, August 8th. They set a “buy” rating for the company. Bank of America Corporation cut Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price objective for the company. in a report on Tuesday, August 15th. BMO Capital Markets restated an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of Deere & in a report on Wednesday, August 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a $139.00 price objective (up previously from $135.00) on shares of Deere & in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. Deere & presently has a consensus rating of “Hold” and a consensus price target of $127.58.
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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