St. Johns Investment Management Company LLC cut its stake in Deere & Company (NYSE:DE) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,446 shares of the industrial products company’s stock after selling 317 shares during the period. St. Johns Investment Management Company LLC’s holdings in Deere & were worth $797,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ledyard National Bank raised its stake in shares of Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America raised 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 buying an additional 16 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares during the last quarter. Endurance Wealth Management Inc. raised its stake in shares of Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Shares of Deere & Company (NYSE DE) traded down 5.38% during mid-day trading on Friday, reaching $117.31. 11,364,628 shares of the company’s stock traded hands. The stock has a market capitalization of $37.63 billion, a PE ratio of 19.48 and a beta of 0.67. Deere & Company has a 12-month low of $80.35 and a 12-month high of $132.50. The company’s 50-day moving average price is $126.94 and its 200-day moving average price is $117.25.

Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The firm had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business posted $1.55 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts anticipate that Deere & Company will post $6.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were issued a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. Deere &’s dividend payout ratio is currently 40.20%.

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A number of brokerages have issued reports on DE. Bank of America Corporation increased their price target on Deere & from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Credit Suisse Group set a $132.00 price target on Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. UBS AG reiterated a “neutral” rating and issued a $122.00 price target (up previously from $112.00) on shares of Deere & in a research note on Monday, May 22nd. Barclays PLC set a $100.00 price target on Deere & and gave the stock a “sell” rating in a research note on Sunday, June 4th. Finally, Robert W. Baird lowered Deere & from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $130.00 in a research report on Friday. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $123.12.

In other news, CEO Samuel R. Allen sold 62,704 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the transaction, the chief executive officer now directly owns 333,492 shares in the company, valued at approximately $41,686,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cory J. Reed sold 5,601 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total transaction of $688,923.00. Following the completion of the transaction, the insider now owns 10,568 shares in the company, valued at $1,299,864. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,524 shares of company stock worth $14,960,467. Company insiders own 0.85% of the company’s stock.

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

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