Deere & Company (DE) Shares Bought by Anchor Bolt Capital LP

Anchor Bolt Capital LP boosted its holdings in Deere & Company (NYSE:DE) by 92.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 388,613 shares of the industrial products company’s stock after purchasing an additional 187,031 shares during the quarter. Deere & Company comprises 2.0% of Anchor Bolt Capital LP’s holdings, making the stock its 19th largest holding. Anchor Bolt Capital LP owned 0.12% of Deere & Company worth $48,806,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DE. Marco Investment Management LLC increased its holdings in shares of Deere & Company by 0.3% during the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 6 shares in the last quarter. Nadler Financial Group Inc. increased its holdings in shares of Deere & Company by 0.4% during the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 10 shares in the last quarter. Blue Chip Partners Inc. increased its holdings in shares of Deere & Company by 0.3% during the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock valued at $456,000 after acquiring an additional 10 shares in the last quarter. Northwest Quadrant Wealth Management LLC increased its holdings in shares of Deere & Company by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 13 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in shares of Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.

In other news, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rajesh Kalathur sold 4,519 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares in the company, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. In the last three months, insiders sold 219,486 shares of company stock worth $29,869,619. Insiders own 0.85% of the company’s stock.

Deere & Company (NYSE DE) opened at $149.45 on Thursday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 1 year low of $100.05 and a 1 year high of $152.68. The firm has a market capitalization of $48,409.80, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. equities analysts expect that Deere & Company will post 7.9 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.61%. Deere & Company’s dividend payout ratio is currently 36.14%.

DE has been the topic of several analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $125.00 target price on shares of Deere & Company in a research report on Wednesday, August 9th. Deutsche Bank reaffirmed a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Deere & Company in a research report on Friday, August 11th. Bank of America cut Deere & Company from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a research report on Tuesday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 target price (up previously from $140.00) on shares of Deere & Company in a research report on Wednesday, August 16th. Finally, Robert W. Baird cut Deere & Company from an “outperform” rating to a “neutral” rating and cut their target price for the company from $140.00 to $130.00 in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Hold” and an average price target of $140.33.

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Deere & Company 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.

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

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