World Asset Management Inc decreased its stake in shares of Deere & Company (NYSE:DE) by 6.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 31,208 shares of the industrial products company’s stock after selling 2,061 shares during the period. World Asset Management Inc’s holdings in Deere & were worth $3,857,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DE. Guardian Life Insurance Co. of America boosted its stake in 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 boosted its stake in 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. Reilly Financial Advisors LLC boosted its stake in Deere & by 18.5% in the second quarter. Reilly Financial Advisors LLC now owns 1,284 shares of the industrial products company’s stock worth $159,000 after buying an additional 200 shares during the last quarter. Endurance Wealth Management Inc. boosted its stake in 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 boosted its stake in 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. Institutional investors and hedge funds own 67.21% of the company’s stock.

Shares of Deere & Company (NYSE:DE) opened at 115.84 on Monday. The firm has a 50-day moving average price of $125.70 and a 200 day moving average price of $117.56. Deere & Company has a 12 month low of $80.35 and a 12 month high of $132.50. The company has a market cap of $37.16 billion, a P/E ratio of 19.24 and a beta of 0.67.

Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.55 earnings per share. Equities analysts predict that Deere & Company will post $6.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were given a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 annualized dividend and a yield of 2.07%. Deere &’s payout ratio is 40.20%.

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DE has been the subject of several recent research reports. J P Morgan Chase & Co raised Deere & to an “underweight” rating and lifted their price objective for the stock from $90.00 to $94.00 in a report on Monday, May 1st. Credit Suisse Group set a $132.00 price objective on Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC lifted their price objective on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a report on Monday, May 22nd. Stifel Nicolaus lifted their price objective on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG lifted their price objective on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $127.58.

In related news, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 333,492 shares in the company, valued at $41,686,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cory J. Reed sold 4,936 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the completion of the transaction, 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. Insiders sold 159,380 shares of company stock valued at $19,694,934 over the last quarter. 0.75% of the stock is currently owned by company insiders.

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

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