Victory Capital Management Inc. decreased its holdings in Deere & Company (NYSE:DE) by 59.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,280 shares of the industrial products company’s stock after selling 32,475 shares during the quarter. Victory Capital Management Inc.’s holdings in Deere & were worth $2,798,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of DE. QCI Asset Management Inc. NY boosted its holdings in shares of Deere & by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after buying an additional 150 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 16 shares during the period. Arrow Financial Corp raised its stake in Deere & by 5.2% during the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the period. Harfst & Associates Inc. raised its stake in Deere & by 44.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its stake in Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 13 shares during the period. 65.67% of the stock is currently owned by institutional investors.
In other Deere & news, insider John C. May II sold 18,626 shares of Deere & stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the completion of the transaction, the insider now directly owns 37,462 shares of the company’s stock, valued at $4,898,531.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pentz Markwart Von sold 22,095 shares of Deere & stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the transaction, the insider now directly owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The disclosure for this sale can be found here. Insiders have sold 149,141 shares of company stock valued at $18,694,199 over the last ninety days. 0.85% of the stock is owned by insiders.
Deere & Company (DE) opened at $135.77 on Friday. Deere & Company has a fifty-two week low of $91.33 and a fifty-two week high of $136.69. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. The firm has a market cap of $43,250.00, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.40 and a beta of 0.73.
Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.92 billion. Deere & had a net margin of 8.15% and a return on equity of 31.66%. Deere &’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. research analysts predict that Deere & Company will post 6.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s payout ratio is 40.07%.
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A number of equities research analysts have commented on DE shares. BidaskClub cut shares of Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. The Goldman Sachs Group, Inc. upgraded shares of 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. Jefferies Group LLC restated a “hold” rating and set a $125.00 target price on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and set 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 cut shares of 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 analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $130.08.
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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