British Airways Pensions Investment Management Ltd bought a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 110,000 shares of the industrial products company’s stock, valued at approximately $13,587,000.

Several other institutional investors have also bought and sold shares of the stock. Guardian Life Insurance Co. of America boosted 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 valued at $123,000 after buying an additional 16 shares during the last quarter. MCF Advisors LLC boosted 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 valued at $126,000 after buying an additional 241 shares during the last quarter. Endurance Wealth Management Inc. boosted 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 valued at $153,000 after buying an additional 30 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in shares of 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 during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Deere & during the second quarter valued at $166,000. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company (NYSE DE) opened at 115.93 on Friday. Deere & Company has a one year low of $80.35 and a one year high of $132.50. The company has a market capitalization of $37.19 billion, a P/E ratio of 19.25 and a beta of 0.67. The stock’s 50 day moving average price is $124.51 and its 200-day moving average price is $117.75.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.04. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. Equities analysts forecast that Deere & Company will post $6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.07%. Deere &’s payout ratio is currently 40.20%.

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Several equities research analysts recently weighed in on DE shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Deere & in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $140.00 price target (up from $125.00) on shares of Deere & in a research note on Tuesday, May 23rd. Finally, Citigroup Inc. upped their price target on Deere & from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $127.58.

In other news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Max A. Guinn sold 5,000 shares of Deere & stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,676 shares of company stock valued at $11,856,934. 0.85% of the stock is owned by insiders.

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.

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

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