MSI Financial Services Inc increased its stake in shares of Deere & Company (NYSE:DE) by 6.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,220 shares of the company’s stock after buying an additional 1,003 shares during the period. MSI Financial Services Inc’s holdings in Deere & Company were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jacobs & Co. CA boosted its stake in shares of Deere & Company by 4.5% in the second quarter. Jacobs & Co. CA now owns 37,817 shares of the company’s stock worth $3,064,000 after buying an additional 1,619 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Deere & Company by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 255,745 shares of the company’s stock worth $20,726,000 after buying an additional 1,972 shares during the period. Stillwater Investment Management LLC boosted its stake in shares of Deere & Company by 10.9% in the second quarter. Stillwater Investment Management LLC now owns 15,589 shares of the company’s stock worth $1,263,000 after buying an additional 1,531 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Deere & Company by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 77,279 shares of the company’s stock worth $6,263,000 after buying an additional 4,344 shares during the period. Finally, Thompson Rubinstein Investment Management Inc. OR boosted its stake in shares of Deere & Company by 0.8% in the second quarter. Thompson Rubinstein Investment Management Inc. OR now owns 54,332 shares of the company’s stock worth $4,403,000 after buying an additional 446 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

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

Deere & Company (NYSE:DE) traded down 2.14% on Monday, reaching $101.70. The company’s stock had a trading volume of 4,903,517 shares. Deere & Company has a 12-month low of $70.16 and a 12-month high of $104.83. The firm has a 50-day moving average of $89.76 and a 200 day moving average of $84.31. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 20.38 and a beta of 0.71.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.50. Deere & Company had a return on equity of 21.54% and a net margin of 5.72%. The firm earned $6.52 billion during the quarter. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post $4.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Company’s payout ratio is 49.90%.

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A number of analysts have recently commented on DE shares. Deutsche Bank AG restated a “buy” rating and set a $101.00 target price on shares of Deere & Company in a report on Thursday, August 25th. Argus boosted their target price on shares of Deere & Company from $90.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Citigroup Inc. lowered their price target on Deere & Company from $100.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, August 22nd. Vetr raised Deere & Company from a “hold” rating to a “buy” rating and set a $80.57 price target for the company in a research report on Monday, August 15th. Finally, Clarkson Capital raised Deere & Company from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 18th. Five equities research analysts have rated the stock with a sell rating, twelve have issued 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 $90.24.

In other news, insider John C. May II sold 18,614 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total value of $1,795,506.44. Following the completion of the transaction, the insider now directly owns 28,926 shares in the company, valued at $2,790,201.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Max A. Guinn sold 36,402 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $102.94, for a total value of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares of the company’s stock, valued at $5,705,655.38. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Deere & Company Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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