Cookson Peirce & Co. Inc. Purchases Shares of 6,730 Deere & Company (NYSE:DE)

Cookson Peirce & Co. Inc. purchased a new position in Deere & Company (NYSE:DE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,730 shares of the industrial products company’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department grew its stake in Deere & by 33.1% during the 1st quarter. State of Tennessee Treasury Department now owns 119,952 shares of the industrial products company’s stock worth $13,058,000 after buying an additional 29,849 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Deere & by 106.9% during the 1st quarter. State of Wisconsin Investment Board now owns 334,604 shares of the industrial products company’s stock worth $36,425,000 after buying an additional 172,859 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Deere & by 4.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 35,761 shares of the industrial products company’s stock worth $3,893,000 after buying an additional 1,599 shares during the last quarter. Stevens Capital Management LP grew its stake in Deere & by 76.1% during the 1st quarter. Stevens Capital Management LP now owns 205,475 shares of the industrial products company’s stock worth $22,368,000 after buying an additional 88,777 shares during the last quarter. Finally, Heritage Trust Co purchased a new position in Deere & during the 1st quarter worth $185,000. 66.12% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on DE shares. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 price target on shares of Deere & in a research note on Thursday, July 6th. BidaskClub upgraded Deere & from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) upgraded Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a research note on Monday, August 7th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Deere & in a research note on Friday, August 11th. Finally, Bank of America Corporation downgraded Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a research note on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $127.97.

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Shares of Deere & Company (NYSE DE) traded down 0.11% during mid-day trading on Friday, hitting $131.99. The stock had a trading volume of 371,090 shares. The company’s 50 day moving average price is $124.72 and its 200 day moving average price is $121.81. Deere & Company has a 12-month low of $86.67 and a 12-month high of $132.50. The stock has a market cap of $42.41 billion, a P/E ratio of 21.92 and a beta of 0.69.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $1.55 EPS. Equities research analysts predict that Deere & Company will post $6.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 annualized dividend and a yield of 1.82%. Deere &’s dividend payout ratio is 40.20%.

In other news, insider Jean H. Gilles sold 12,361 shares of Deere & stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the sale, the insider now directly owns 74,981 shares in the company, valued at approximately $9,740,031.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction dated 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 $5,506,042.10. The disclosure for this sale can be found here. Insiders sold a total of 134,649 shares of company stock worth $16,621,498 over the last 90 days. Company insiders own 0.85% of the company’s stock.

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.

Institutional Ownership by Quarter for Deere & (NYSE:DE)

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