Norinchukin Bank The grew its holdings in Deere & Company (NYSE:DE) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,579 shares of the industrial products company’s stock after acquiring an additional 3,388 shares during the period. Norinchukin Bank The’s holdings in Deere & Company were worth $10,748,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. QCI Asset Management Inc. NY lifted its stake in shares of Deere & Company by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares during the period. Arrow Financial Corp lifted its stake in shares of Deere & Company by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during the period. Harfst & Associates Inc. lifted its stake in shares of Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Deere & Company in the 2nd quarter valued at $155,000. 67.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Deere & Company (NYSE DE) opened at $151.11 on Friday. The company has a market cap of $48,600.00, a PE ratio of 22.69, a PEG ratio of 2.33 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 12-month low of $100.05 and a 12-month high of $152.68.
Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. sell-side analysts anticipate that Deere & Company will post 7.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s dividend payout ratio is currently 43.24%.
In other news, CFO Rajesh Kalathur sold 4,519 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 22,095 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the sale, the insider now directly owns 51,626 shares in the company, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. Insiders sold 219,486 shares of company stock valued at $29,869,619 in the last three months. 0.85% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on DE shares. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank boosted their target price on shares of Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, November 2nd. Goldman Sachs Group restated a “buy” rating on shares of Deere & Company in a research report on Sunday, August 20th. Finally, Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $140.00 to $155.00 in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Deere & Company currently has an average rating of “Hold” and an average price target of $140.33.
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Deere & Company 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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