Ironwood Investment Counsel LLC decreased its position in shares of Deere & Company (NYSE:DE) by 65.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,135 shares of the industrial products company’s stock after selling 5,997 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Deere & were worth $394,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DE. Marco Investment Management LLC boosted its holdings 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 acquiring an additional 6 shares during the last quarter. Nadler Financial Group Inc. increased its position in shares of Deere & by 0.4% during the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock valued at $334,000 after buying an additional 10 shares during the period. Blue Chip Partners Inc. grew its holdings in shares of Deere & by 0.3% during the second 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 holdings in shares of Deere & by 0.4% during the second 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 grew its holdings in shares of Deere & by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.
Several brokerages have issued reports on DE. BMO Capital Markets reissued a “buy” rating and issued a $150.00 target price on shares of Deere & in a research report on Thursday, November 2nd. Zacks Investment Research raised Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, November 2nd. Jefferies Group LLC reissued a “hold” rating and set a $125.00 target price on shares of Deere & in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) initiated coverage on Deere & in a report on Tuesday, August 8th. They issued a “buy” rating for the company. Finally, Deutsche Bank AG restated a “hold” rating and set a $129.00 price objective (down previously from $135.00) on shares of Deere & in a report on Monday, October 9th. Three 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 an average rating of “Hold” and a consensus price target of $129.08.
Shares of Deere & Company (DE) traded up $0.56 during midday trading on Friday, reaching $131.84. The company’s stock had a trading volume of 804,792 shares, compared to its average volume of 2,346,565. The stock has a market cap of $42,180.00, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 2.44 and a beta of 0.73. 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 & Company has a 12 month low of $89.69 and a 12 month high of $136.69.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the business earned $1.55 EPS. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts anticipate that Deere & Company will post 6.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given 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 dividend payout ratio (DPR) is currently 40.07%.
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 transaction, the insider now owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 149,141 shares of company stock worth $18,694,199 in the last quarter. Insiders own 0.85% 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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