Deere & Company (DE) Shares Bought by First Bank & Trust
First Bank & Trust boosted its stake in Deere & Company (NYSE:DE) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,050 shares of the industrial products company’s stock after buying an additional 52 shares during the period. First Bank & Trust’s holdings in Deere & were worth $253,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its position 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 valued at $123,000 after buying an additional 16 shares in the last quarter. MCF Advisors LLC boosted its position in Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares in the last quarter. Endurance Wealth Management Inc. boosted its position 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 valued at $153,000 after buying an additional 30 shares in the last quarter. Reilly Financial Advisors LLC boosted its position 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 valued at $159,000 after buying an additional 200 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in Deere & during the second quarter valued at approximately $166,000. Hedge funds and other institutional investors own 67.21% of the company’s stock.
Shares of Deere & Company (NYSE:DE) opened at 115.49 on Thursday. Deere & Company has a 1-year low of $80.35 and a 1-year high of $132.50. The company has a 50-day moving average of $125.70 and a 200-day moving average of $117.56. The company has a market cap of $37.05 billion, a PE ratio of 19.18 and a beta of 0.67.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts forecast that Deere & Company will post $6.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.08%. Deere &’s payout ratio is 40.20%.
Several equities analysts have recently commented on DE shares. Deutsche Bank AG boosted their price target on shares of Deere & from $122.00 to $135.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) upgraded shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a report on Monday, August 7th. BidaskClub cut shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. TheStreet upgraded shares of Deere & from a “c+” rating to an “a-” rating in a report on Friday, May 19th. Finally, William Blair upgraded shares of Deere & from an “underperform” rating to a “market perform” rating in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.58.
In related news, insider Cory J. Reed sold 4,936 shares of the firm’s 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 sale, the insider now directly owns 9,903 shares of the company’s stock, valued at $1,267,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the sale, the insider now directly owns 47,165 shares in the company, valued at $5,506,042.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,676 shares of company stock worth $11,856,934. 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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