Boston Private Wealth LLC held its position in Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,218 shares of the industrial products company’s stock at the end of the 2nd quarter. Boston Private Wealth LLC’s holdings in Deere & were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kistler Tiffany Companies LLC boosted its stake in Deere & by 0.4% during the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 8 shares in the last quarter. Nadler Financial Group Inc. raised its holdings in Deere & by 0.4% during the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after buying an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in Deere & by 1.4% during 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. RMB Capital Management LLC raised its holdings in Deere & by 0.6% during the first quarter. RMB Capital Management LLC now owns 3,329 shares of the industrial products company’s stock worth $362,000 after buying an additional 19 shares during the last quarter. Finally, Country Club Trust Company n.a. raised its holdings in Deere & by 1.0% during the second quarter. Country Club Trust Company n.a. now owns 1,945 shares of the industrial products company’s stock worth $240,000 after buying an additional 20 shares during the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Deere & Company (NYSE:DE) opened at 117.93 on Tuesday. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 19.59 and a beta of 0.70. Deere & Company has a 12-month low of $80.35 and a 12-month high of $132.50. The company’s 50-day moving average price is $123.07 and its 200 day moving average price is $118.18.

Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post $6.52 earnings per share 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 issued a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.04%. Deere &’s dividend payout ratio is presently 40.20%.

In related news, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction 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 sale, the insider now owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cory J. Reed sold 4,936 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 9,903 shares in the company, valued at approximately $1,267,584. The disclosure for this sale can be found here. Insiders sold a total of 76,769 shares of company stock worth $9,357,212 in the last quarter. Company insiders own 0.75% of the company’s stock.

DE has been the topic of several research reports. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC increased their target price on shares of Deere & from $82.00 to $90.00 and gave the company a “sell” rating in a report on Monday, May 22nd. Stifel Nicolaus increased their target price on shares of Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Deutsche Bank AG increased their target price on shares of Deere & from $122.00 to $135.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Finally, Robert W. Baird increased their target price on shares of Deere & from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, May 22nd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $127.58.

TRADEMARK VIOLATION WARNING: “Boston Private Wealth LLC Holds Position in Deere & Company (DE)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/12/boston-private-wealth-llc-holds-position-in-deere-company-de.html.

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.

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

Receive News & Stock Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related stocks with our FREE daily email newsletter.