Deere & Company (NYSE:DE) Shares Purchased by Herold Advisors Inc.

Herold Advisors Inc. grew its position in Deere & Company (NYSE:DEGet Rating) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,319 shares of the industrial products company’s stock after purchasing an additional 294 shares during the period. Herold Advisors Inc.’s holdings in Deere & Company were worth $1,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DE. Vanguard Group Inc. raised its stake in shares of Deere & Company by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,678,757 shares of the industrial products company’s stock worth $9,006,656,000 after buying an additional 194,170 shares in the last quarter. BlackRock Inc. lifted its position in shares of Deere & Company by 4.0% during the 1st quarter. BlackRock Inc. now owns 18,243,075 shares of the industrial products company’s stock worth $7,579,271,000 after purchasing an additional 706,609 shares during the last quarter. State Street Corp lifted its position in shares of Deere & Company by 0.9% during the 4th quarter. State Street Corp now owns 11,613,684 shares of the industrial products company’s stock worth $3,994,236,000 after purchasing an additional 102,269 shares during the last quarter. Wellington Management Group LLP raised its holdings in Deere & Company by 3.9% in the 1st quarter. Wellington Management Group LLP now owns 6,344,147 shares of the industrial products company’s stock valued at $2,635,740,000 after acquiring an additional 235,686 shares in the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Deere & Company by 1.2% in the 1st quarter. Parnassus Investments LLC now owns 3,606,635 shares of the industrial products company’s stock worth $1,498,413,000 after buying an additional 43,557 shares in the last quarter. 75.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Cowen decreased their price objective on Deere & Company from $396.00 to $342.00 in a research report on Thursday, July 7th. Oppenheimer lifted their price target on Deere & Company from $365.00 to $415.00 in a report on Monday, August 22nd. Citigroup boosted their price objective on Deere & Company from $340.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Credit Suisse Group lifted their price target on shares of Deere & Company from $393.00 to $447.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. Finally, Evercore ISI upped their price target on shares of Deere & Company from $416.00 to $439.00 in a report on Monday, August 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $407.68.

Deere & Company Stock Performance

DE traded down $11.91 during midday trading on Friday, reaching $334.22. The company’s stock had a trading volume of 1,706,249 shares, compared to its average volume of 1,851,616. Deere & Company has a twelve month low of $283.81 and a twelve month high of $446.76. The stock has a market cap of $100.87 billion, a P/E ratio of 17.30, a PEG ratio of 1.21 and a beta of 1.06. The company has a fifty day simple moving average of $351.72 and a 200 day simple moving average of $362.79. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 1.69.

Deere & Company (NYSE:DEGet Rating) last announced its quarterly earnings data on Friday, August 19th. The industrial products company reported $6.16 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.45). Deere & Company had a return on equity of 33.26% and a net margin of 12.75%. The company had revenue of $13 billion for the quarter, compared to analyst estimates of $12.84 billion. During the same period last year, the firm earned $5.32 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Research analysts expect that Deere & Company will post 22.94 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Friday, September 30th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, September 29th. Deere & Company’s payout ratio is presently 22.59%.

Insider Transactions at Deere & Company

In other news, CAO Marc A. Howze sold 4,019 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $373.22, for a total value of $1,499,971.18. Following the transaction, the chief accounting officer now owns 17,321 shares in the company, valued at approximately $6,464,543.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Deere & Company Profile

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Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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