First Trust Advisors LP lessened its position in Deere & Company (NYSE:DE) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,360 shares of the company’s stock after selling 18,277 shares during the period. First Trust Advisors LP owned approximately 0.06% of Deere & worth $22,903,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the company’s stock valued at $1,819,643,000 after buying an additional 16,055,453 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the company’s stock valued at $2,225,128,000 after buying an additional 1,541,004 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Deere & by 1,010.7% in the second quarter. Janus Henderson Group PLC now owns 1,133,585 shares of the company’s stock valued at $140,101,000 after buying an additional 1,031,528 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Deere & by 242.6% in the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the company’s stock valued at $179,271,000 after buying an additional 1,027,175 shares during the period. Finally, Capital International Investors boosted its holdings in shares of Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the company’s stock valued at $804,193,000 after buying an additional 820,991 shares during the period. 66.03% of the stock is owned by hedge funds and other institutional investors.
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In other Deere & news, insider Max A. Guinn sold 8,551 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$134.89, for a total transaction of C$1,153,444.39. Following the sale, the insider now directly owns 50,939 shares in the company, valued at C$6,871,161.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pentz Markwart Von sold 24,143 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$135.33, for a total transaction of C$3,267,272.19. Following the sale, the insider now owns 57,086 shares in the company, valued at C$7,725,448.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,141 shares of company stock worth $18,694,199. 0.85% of the stock is owned by insiders.
Several research firms have recently weighed in on DE. Argus reiterated a “buy” rating and issued a $140.00 price target on shares of Deere & in a report on Tuesday, August 22nd. BidaskClub cut shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Deere & from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Credit Suisse Group cut shares of Deere & from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation cut shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price for the company. in a report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$129.08.
Deere & Company (NYSE DE) opened at C$132.23 on Friday. Deere & Company has a 1 year low of C$89.69 and a 1 year high of C$136.69. The company has a market cap of $42,473.86, a PE ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10.
Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The company reported C$1.97 EPS for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of C$6.83 billion for the quarter, compared to analyst estimates of C$6.92 billion. During the same period last year, the firm earned $1.55 earnings per share. Deere &’s revenue for the quarter was up 16.6% compared to the same quarter last year. analysts anticipate that Deere & Company will post 6.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio is 40.20%.
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.
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