First Republic Investment Management Inc. raised its stake in shares of Deere & Company (NYSE:DE) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,655 shares of the industrial products company’s stock after purchasing an additional 1,834 shares during the quarter. First Republic Investment Management Inc.’s holdings in Deere & Company were worth $3,850,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of DE. QCI Asset Management Inc. NY lifted its position in shares of Deere & Company by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 150 shares in the last quarter. Arrow Financial Corp lifted its holdings in Deere & Company by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares during the period. Harfst & Associates Inc. lifted its holdings in Deere & Company by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Deere & Company in the second quarter worth $155,000. Institutional investors own 67.36% of the company’s stock.
In related news, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Marc A. Howze sold 7,731 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $151.76, for a total transaction of $1,173,256.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 202,547 shares of company stock worth $28,528,885. Insiders own 0.75% of the company’s stock.
Shares of Deere & Company (NYSE:DE) traded up $158.01 during trading on Tuesday, reaching $158.01. 1,852,300 shares of the company’s stock traded hands, compared to its average volume of 2,370,000. Deere & Company has a twelve month low of $102.78 and a twelve month high of $159.10. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. The firm has a market cap of $50,770.00, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s revenue was up 25.6% on a year-over-year basis. equities analysts forecast that Deere & Company will post 7.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio is currently 36.09%.
DE has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 target price on shares of Deere & Company in a report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and issued a $140.00 target price on shares of Deere & Company in a report on Thursday, October 12th. Wells Fargo & Co reiterated a “buy” rating and issued a $170.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Credit Suisse Group reissued a “buy” rating and set a $162.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Finally, ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Deere & Company presently has an average rating of “Hold” and a consensus target price of $143.68.
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About Deere & Company
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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