First Trust Advisors LP decreased its position in shares of Deere & Company (NYSE:DE) by 47.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,637 shares of the industrial products company’s stock after selling 177,908 shares during the period. First Trust Advisors LP owned 0.06% of Deere & worth $24,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Deere & by 8.2% during the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock valued at $2,225,128,000 after buying an additional 1,541,004 shares during the last quarter. BlackRock Inc. raised its position in shares of Deere & by 2,432.6% during 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. State Street Corp raised its position in shares of Deere & by 0.4% during the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Deere & by 5.1% during the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock valued at $724,205,000 after buying an additional 322,158 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of Deere & by 0.5% during the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.

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In other news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the transaction, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John C. May II sold 19,907 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.57, for a total value of $2,499,721.99. Following the transaction, the insider now owns 49,241 shares of the company’s stock, valued at $6,183,192.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,676 shares of company stock valued at $11,856,934. Company insiders own 0.75% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub cut shares of Deere & from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Piper Jaffray Companies set a $119.00 price objective on shares of Deere & and gave the company a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus set a $135.00 price objective on shares of Deere & and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Argus reiterated a “buy” rating and set a $140.00 price objective on shares of Deere & in a research report on Tuesday, August 22nd. Three research 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 stock has a consensus rating of “Hold” and an average target price of $127.58.

Shares of Deere & Company (NYSE DE) opened at 116.14 on Monday. The stock has a market capitalization of $37.26 billion, a price-to-earnings ratio of 19.29 and a beta of 0.70. The stock’s 50 day moving average is $124.28 and its 200-day moving average is $117.79. Deere & Company has a 52 week low of $80.35 and a 52 week high of $132.50.

Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 EPS. On average, analysts anticipate that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The firm 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio is presently 40.20%.

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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