Van Cleef Asset Management Inc cut its holdings in Deere & Company (NYSE:DE) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,401 shares of the industrial products company’s stock after selling 303 shares during the period. Van Cleef Asset Management Inc’s holdings in Deere & were worth $1,038,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Federated Investors Inc. PA raised its stake in Deere & by 10.6% in the second quarter. Federated Investors Inc. PA now owns 386,489 shares of the industrial products company’s stock valued at $47,766,000 after buying an additional 37,189 shares in the last quarter. Pax World Management LLC raised its stake in Deere & by 10.5% in the second quarter. Pax World Management LLC now owns 2,100 shares of the industrial products company’s stock valued at $260,000 after buying an additional 200 shares in the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in Deere & in the second quarter valued at $222,000. Columbus Circle Investors raised its stake in Deere & by 35.2% in the second quarter. Columbus Circle Investors now owns 712,342 shares of the industrial products company’s stock valued at $88,038,000 after buying an additional 185,475 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Deere & in the second quarter valued at $5,154,000. Institutional investors own 66.58% of the company’s stock.
DE has been the topic of a number of analyst reports. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Deere & in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Deere & in a report on Sunday, August 20th. Finally, Credit Suisse Group lowered Deere & from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $127.58.
In other Deere & news, insider Cory J. Reed sold 4,936 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $128.00, for a total value of $631,808.00. Following the completion of the sale, the insider now owns 9,903 shares in the company, valued at approximately $1,267,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jean H. Gilles sold 8,015 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the completion of the sale, the insider now owns 70,635 shares of the company’s stock, valued at approximately $9,181,843.65. The disclosure for this sale can be found here. Insiders have sold 76,769 shares of company stock valued at $9,357,212 over the last 90 days. 0.75% of the stock is currently owned by insiders.
Shares of Deere & Company (NYSE:DE) opened at 117.26 on Wednesday. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 19.48 and a beta of 0.70. The firm has a 50-day moving average price of $122.92 and a 200-day moving average price of $118.18. Deere & Company has a one year low of $80.35 and a one year high of $132.50.
Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion during 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 revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Analysts anticipate that Deere & Company will post $6.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th. Deere &’s payout ratio is 40.20%.
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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