GAM Holding AG grew its position in Deere & Company (NYSE:DE) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,026 shares of the industrial products company’s stock after acquiring an additional 802 shares during the quarter. GAM Holding AG’s holdings in Deere & were worth $4,452,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in DE. Security National Trust Co. lifted its position in shares of Deere & by 33.0% during the 1st quarter. Security National Trust Co. now owns 2,015 shares of the industrial products company’s stock worth $219,000 after buying an additional 500 shares during the period. Decatur Capital Management Inc. lifted its position in shares of Deere & by 56.5% during the 1st quarter. Decatur Capital Management Inc. now owns 93,514 shares of the industrial products company’s stock worth $10,180,000 after buying an additional 33,764 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Deere & during the 1st quarter worth approximately $3,483,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Deere & by 12.0% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,590 shares of the industrial products company’s stock worth $2,459,000 after buying an additional 2,424 shares during the period. Finally, BB&T Corp lifted its position in shares of Deere & by 39.4% during the 1st quarter. BB&T Corp now owns 39,301 shares of the industrial products company’s stock worth $4,278,000 after buying an additional 11,101 shares during the period. Institutional investors own 66.58% of the company’s stock.
Several research firms recently commented on DE. Jefferies Group LLC restated a “hold” rating and set a $125.00 target price on shares of Deere & in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) began coverage on Deere & in a report on Tuesday, August 8th. They set a “buy” rating for the company. Bank of America Corporation cut Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target for the company. in a report on Tuesday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Deere & in a report on Wednesday, August 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $127.58.
In other news, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was 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 approximately $9,740,031.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cory J. Reed sold 4,936 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $128.00, for a total value of $631,808.00. Following the completion of the sale, the insider now owns 9,903 shares of the company’s stock, valued at $1,267,584. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,769 shares of company stock valued at $9,357,212. 0.75% of the stock is currently owned by company insiders.
Shares of Deere & Company (NYSE:DE) opened at 117.26 on Wednesday. The stock has a 50 day moving average price of $122.92 and a 200-day moving average price of $118.18. The company has a market capitalization of $37.62 billion, a price-to-earnings ratio of 19.48 and a beta of 0.70. Deere & Company has a one year low of $80.35 and a one year high of $132.50.
Deere & (NYSE:DE) last issued its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. On average, equities research analysts expect that Deere & Company will post $6.52 EPS for the current year.
The company also recently announced 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 of this dividend is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. Deere &’s dividend payout ratio is presently 40.20%.
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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