Csenge Advisory Group purchased a new stake in shares of Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,507 shares of the industrial products company’s stock, valued at approximately $315,000.
A number of other large investors also recently added to or reduced their stakes in DE. QCI Asset Management Inc. NY grew 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 valued at $117,000 after purchasing an additional 150 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of 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 worth $123,000 after acquiring an additional 16 shares during the period. Arrow Financial Corp boosted its stake in shares of Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the period. Harfst & Associates Inc. boosted its stake in shares of Deere & by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of Deere & by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 13 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts have recently weighed in on DE shares. Goldman Sachs Group, Inc. (The) raised Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price objective for the company in a research note on Monday, August 7th. ValuEngine raised Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Piper Jaffray Companies set a $119.00 target price on Deere & and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $129.00 target price (down from $135.00) on shares of Deere & in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $129.08.
Shares of Deere & Company (NYSE DE) traded up $0.76 during midday trading on Friday, reaching $135.03. The company’s stock had a trading volume of 1,043,638 shares, compared to its average volume of 1,733,114. The firm has a market cap of $43.20 billion, a P/E ratio of 22.52, a PEG ratio of 2.43 and a beta of 0.73. The company has a current ratio of 2.10, a quick ratio of 1.90 and a debt-to-equity ratio of 2.76.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $6.83 billion for 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%. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. research analysts predict that Deere & Company will post 6.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a yield of 1.78%. Deere &’s dividend payout ratio (DPR) is currently 40.20%.
In other Deere & news, insider Jean H. Gilles sold 8,015 shares of the firm’s 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 sale, the insider now directly owns 70,635 shares in the company, valued at approximately $9,181,843.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the sale, the insider now owns 47,165 shares in the company, valued at $5,506,042.10. The disclosure for this sale can be found here. Insiders have sold a total of 138,013 shares of company stock worth $17,123,247 over the last 90 days. Corporate insiders own 0.85% of the company’s stock.
Deere & 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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