Deere & Company (DE) Stake Held by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH held its position in Deere & Company (NYSE:DE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,273 shares of the industrial products company’s stock at the end of the first quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Deere & were worth $5,799,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Barings LLC increased its stake in shares of Deere & by 0.6% in the fourth quarter. Barings LLC now owns 38,981 shares of the industrial products company’s stock worth $4,017,000 after buying an additional 250 shares during the last quarter. Empire Life Investments Inc. purchased a new position in shares of Deere & during the fourth quarter valued at $18,461,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Deere & during the fourth quarter valued at $1,137,000. Castleark Management LLC raised its position in shares of Deere & by 5,910.2% in the fourth quarter. Castleark Management LLC now owns 84,143 shares of the industrial products company’s stock valued at $8,670,000 after buying an additional 82,743 shares during the period. Finally, Independent Advisor Alliance purchased a new position in shares of Deere & during the fourth quarter valued at $728,000. 67.30% of the stock is owned by hedge funds and other institutional investors.
Deere & Company (DE) traded up 0.41% during midday trading on Thursday, hitting $129.51. The stock had a trading volume of 1,657,569 shares. Deere & Company has a 52-week low of $76.73 and a 52-week high of $129.66. The firm has a 50-day moving average of $125.86 and a 200 day moving average of $115.48. The firm has a market capitalization of $41.43 billion, a P/E ratio of 23.34 and a beta of 0.67.
Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The business had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post $6.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is currently 43.24%.
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Several brokerages have weighed in on DE. Credit Suisse Group set a $132.00 price target on Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. BidaskClub lowered Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC reissued a “sell” rating and set a $82.00 price objective (up previously from $80.00) on shares of Deere & in a research note on Tuesday, April 18th. Stifel Nicolaus lifted their price objective on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, J P Morgan Chase & Co upgraded Deere & from an “underweight” rating to a “neutral” rating and raised their price target for the company from $103.00 to $122.00 in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $122.24.
In related news, VP Marc A. Howze sold 6,624 shares of Deere & stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $792,164.16. Following the sale, the vice president now owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cory J. Reed sold 4,936 shares of Deere & stock in a transaction that occurred on 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 directly owns 9,903 shares in the company, valued at approximately $1,267,584. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,612 shares of company stock worth $13,149,023. Company 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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