FUKOKU MUTUAL LIFE INSURANCE Co Cuts Stake in Deere & Company (DE)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in Deere & Company (NYSE:DE) by 97.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the industrial products company’s stock after selling 78,000 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Deere & were worth $247,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. QCI Asset Management Inc. NY boosted its holdings in Deere & by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after buying an additional 150 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Deere & by 1.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after buying an additional 16 shares in the last quarter. Arrow Financial Corp boosted its holdings in Deere & by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares in the last quarter. Harfst & Associates Inc. boosted its holdings in Deere & by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after buying an additional 360 shares in the last quarter. Finally, Endurance Wealth Management Inc. boosted its holdings in Deere & by 2.2% during the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

In other Deere & news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total value of $5,423,390.18. Following the completion of the sale, the insider now owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John C. May II sold 22,095 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the completion of the sale, the insider now directly owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,023 shares of company stock valued at $14,185,962. Corporate insiders own 0.75% of the company’s stock.

Several equities analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 price objective on shares of Deere & in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & in a report on Tuesday, August 8th. They set a “buy” rating on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $129.00 price objective (down from $135.00) on shares of Deere & in a report on Monday. Bank of America Corporation downgraded shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price objective on the stock. in a report on Tuesday, August 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective (up from $140.00) on shares of Deere & in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $127.45.

Deere & Company (DE) opened at 128.25 on Wednesday. The stock has a 50 day moving average of $120.91 and a 200 day moving average of $120.31. The stock has a market cap of $41.21 billion, a price-to-earnings ratio of 21.30 and a beta of 0.69. Deere & Company has a 1-year low of $85.27 and a 1-year high of $132.50.

Deere & (NYSE:DE) last posted its 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. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. Equities analysts expect that Deere & Company will post $6.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

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

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