Sustainable Insight Capital Management LLC Takes Position in Deere & Company (DE)

Sustainable Insight Capital Management LLC acquired a new position in shares of Deere & Company (NYSE:DE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 114,700 shares of the industrial products company’s stock, valued at approximately $14,176,000. Deere & comprises approximately 6.6% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock valued at $1,819,643,000 after acquiring an additional 16,055,453 shares during the last quarter. Vanguard Group Inc. lifted its position in Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock valued at $2,225,128,000 after acquiring an additional 1,541,004 shares during the last quarter. Janus Henderson Group PLC lifted its position in Deere & by 1,010.7% in the second quarter. Janus Henderson Group PLC now owns 1,133,585 shares of the industrial products company’s stock valued at $140,101,000 after acquiring an additional 1,031,528 shares during the last quarter. Principal Financial Group Inc. lifted its position in Deere & by 242.6% in the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock valued at $179,271,000 after acquiring an additional 1,027,175 shares during the last quarter. Finally, Capital International Investors lifted its position in Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock valued at $804,193,000 after acquiring an additional 820,991 shares during the last quarter. 66.17% of the stock is owned by institutional investors and hedge funds.

Shares of Deere & Company (NYSE DE) traded down 0.05% during mid-day trading on Thursday, hitting $127.70. 43,924 shares of the company’s stock traded hands. The stock has a market cap of $41.03 billion, a P/E ratio of 21.21 and a beta of 0.69. Deere & Company has a 1-year low of $85.27 and a 1-year high of $132.50. The stock has a 50 day moving average price of $121.20 and a 200-day moving average price of $120.36.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. Equities research analysts anticipate that Deere & Company will post $6.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.88%. Deere &’s dividend payout ratio is currently 40.20%.

In other Deere & news, insider Jean H. Gilles sold 12,361 shares of Deere & stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $129.90, for a total value of $1,605,693.90. Following the completion of the sale, the insider now directly owns 74,981 shares in the company, valued at $9,740,031.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean H. Gilles sold 8,015 shares of Deere & stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the completion of the sale, the insider now owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The disclosure for this sale can be found here. Insiders sold a total of 116,023 shares of company stock worth $14,185,962 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut shares of Deere & from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target for the company in a research report on Monday, August 7th. BidaskClub cut shares of Deere & from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Berenberg Bank reduced their price target on shares of Deere & from $100.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, June 28th. Finally, Argus reissued a “buy” rating and issued a $140.00 price target on shares of Deere & in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $127.45.

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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.

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

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