Mengis Capital Management Inc. increased its stake in shares of Deere & Company (NYSE:DE) by 118.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,374 shares of the industrial products company’s stock after purchasing an additional 6,709 shares during the quarter. Deere & accounts for 1.0% of Mengis Capital Management Inc.’s holdings, making the stock its 28th largest holding. Mengis Capital Management Inc.’s holdings in Deere & were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marco Investment Management LLC grew its stake in Deere & by 0.3% during the 2nd quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 6 shares in the last quarter. Nadler Financial Group Inc. grew its stake in Deere & by 0.4% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 10 shares in the last quarter. Blue Chip Partners Inc. grew its stake in Deere & by 0.3% during the 2nd quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 10 shares in the last quarter. Northwest Quadrant Wealth Management LLC grew its stake in Deere & by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 13 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its holdings 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 buying an additional 13 shares during the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.
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In other Deere & news, insider John C. May II sold 22,095 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the transaction, the insider now owns 51,429 shares in the company, valued at approximately $6,533,540.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pentz Markwart Von sold 24,143 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.33, for a total value of $3,267,272.19. Following the transaction, the insider now owns 57,086 shares in the company, valued at approximately $7,725,448.38. The disclosure for this sale can be found here. Insiders have sold a total of 149,141 shares of company stock worth $18,694,199 in the last quarter. 0.75% of the stock is currently owned by insiders.
Shares of Deere & Company (NYSE:DE) traded down $0.32 during mid-day trading on Tuesday, reaching $131.91. The company had a trading volume of 1,820,300 shares, compared to its average volume of 2,357,185. The firm has a market cap of $42,380.00, a PE ratio of 22.14, a PEG ratio of 2.39 and a beta of 0.73. Deere & Company has a 1 year low of $90.75 and a 1 year 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.
Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. equities research analysts predict that Deere & Company will post 6.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s payout ratio is 40.07%.
A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price target on shares of Deere & in a report on Thursday, November 2nd. Zacks Investment Research raised Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday, November 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 price target on shares of Deere & in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) assumed coverage on Deere & in a report on Tuesday, August 8th. They set a “buy” rating for the company. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $129.00 price target (down from $135.00) on shares of Deere & in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. Deere & has a consensus rating of “Hold” and an average price target of $129.08.
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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