Trust Co held its position in shares of Deere & Company (NYSE:DE) during the first quarter, Holdings Channel reports. The firm owned 2,760 shares of the industrial products company’s stock at the end of the first quarter. Trust Co’s holdings in Deere & were worth $300,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ledyard National Bank boosted its position in shares of Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares during the last quarter. MCF Advisors LLC raised its stake in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares during the last quarter. Endurance Wealth Management Inc. raised its stake in Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock valued at $153,000 after buying an additional 30 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock valued at $167,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.
Deere & Company (NYSE DE) traded down 0.59% during mid-day trading on Friday, hitting $127.03. The stock had a trading volume of 1,001,461 shares. The company has a 50 day moving average price of $126.59 and a 200-day moving average price of $116.50. The company has a market cap of $40.63 billion, a price-to-earnings ratio of 22.87 and a beta of 0.67. Deere & Company has a one year low of $76.73 and a one year high of $132.50.
Deere & (NYSE:DE) last released its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Deere & Company will post $6.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Wednesday, June 28th. Deere &’s payout ratio is presently 43.24%.
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Several analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 price target on shares of Deere & in a research report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & in a research report on Tuesday. They set a “buy” rating on the stock. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Berenberg Bank reduced their price target on shares of Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, June 28th. Finally, Citigroup Inc. lifted their price target on shares of Deere & from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.60.
In other Deere & news, insider Max A. Guinn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total value of $654,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Samuel R. Allen sold 62,704 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the completion of the sale, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at $41,686,500. The disclosure for this sale can be found here. Insiders have sold 130,988 shares of company stock worth $16,451,037 over the last ninety days. 0.85% of the stock is currently owned by insiders.
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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