Toronto Dominion Bank increased its holdings in shares of Deere & Company (NYSE:DE) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,749 shares of the industrial products company’s stock after buying an additional 19,852 shares during the period. Toronto Dominion Bank’s holdings in Deere & were worth $15,289,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AllSquare Wealth Management LLC acquired a new position in shares of Deere & in the third quarter valued at approximately $171,000. Retirement Systems of Alabama grew its stake in shares of Deere & by 8.8% in the third quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company’s stock valued at $19,489,000 after acquiring an additional 12,503 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Deere & by 37.7% in the third quarter. Ballentine Partners LLC now owns 5,818 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 1,593 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of Deere & by 3.9% in the third quarter. Hennessy Advisors Inc. now owns 18,700 shares of the industrial products company’s stock valued at $2,349,000 after acquiring an additional 700 shares in the last quarter. Finally, Princeton Capital Management Inc. grew its stake in shares of Deere & by 15.0% in the third quarter. Princeton Capital Management Inc. now owns 9,511 shares of the industrial products company’s stock valued at $1,194,000 after acquiring an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.
DE has been the topic of a number of analyst reports. Argus reiterated a “buy” rating and set a $140.00 price objective on shares of Deere & in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Deere & from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Credit Suisse Group lowered shares of Deere & from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation lowered shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target for the company. in a report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $129.08.
Deere & Company (NYSE DE) traded down $0.32 during midday trading on Tuesday, hitting $131.91. The stock had a trading volume of 1,820,300 shares, compared to its average volume of 2,357,185. The company has a market cap of $42,380.00, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73. Deere & Company has a 12 month low of $90.75 and a 12 month high of $136.69. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76.
Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. equities research analysts forecast that Deere & Company will post 6.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s payout ratio is 40.07%.
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In related news, insider Max A. Guinn sold 8,551 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $134.89, for a total value of $1,153,444.39. Following the sale, the insider now directly owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pentz Markwart Von sold 24,143 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.33, for a total value of $3,267,272.19. Following the completion of the sale, the insider now owns 57,086 shares in the company, valued at $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 over the last quarter. Company insiders own 0.75% of the company’s stock.
About Deere &
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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