Deere & Company (DE) Shares Sold by Tdam USA Inc.
Tdam USA Inc. reduced its stake in Deere & Company (NYSE:DE) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,838 shares of the industrial products company’s stock after selling 1,090 shares during the period. Tdam USA Inc.’s holdings in Deere & were worth $2,056,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock valued at $1,819,643,000 after buying an additional 16,055,453 shares during the last quarter. Vanguard Group Inc. increased its stake in Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after buying an additional 1,541,004 shares in the last quarter. SG Americas Securities LLC increased its stake in Deere & by 107.6% in the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after buying an additional 631,378 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Deere & by 5.1% in the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after buying an additional 322,158 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Deere & by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock worth $303,767,000 after buying an additional 282,029 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.
Deere & Company (NYSE DE) opened at 115.93 on Friday. Deere & Company has a 12-month low of $80.35 and a 12-month high of $132.50. The company has a 50 day moving average price of $124.51 and a 200-day moving average price of $117.75. The company has a market capitalization of $37.19 billion, a PE ratio of 19.25 and a beta of 0.67.
Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business 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%. Deere &’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 EPS. On average, analysts anticipate that Deere & Company will post $6.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, September 28th. Deere &’s payout ratio is 40.20%.
DE has been the topic of a number of recent research reports. Deutsche Bank AG lifted their price target on shares of Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research note 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 research note on Monday, August 7th. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. TheStreet upgraded shares of Deere & from a “c+” rating to an “a-” rating in a research note on Friday, May 19th. Finally, William Blair upgraded shares of Deere & from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $127.58.
In other news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total value of $5,423,390.18. Following the completion of the transaction, the insider now owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Max A. Guinn sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 96,676 shares of company stock valued at $11,856,934 in the last ninety days. 0.85% of the stock is currently owned by corporate 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.
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