Buckingham Asset Management LLC bought a new stake in Deere & Company (NYSE:DE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,791 shares of the industrial products company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DE. Pacer Advisors Inc. grew its holdings in shares of Deere & by 16.8% during the 2nd quarter. Pacer Advisors Inc. now owns 6,653 shares of the industrial products company’s stock worth $822,000 after purchasing an additional 958 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Deere & by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 58,306 shares of the industrial products company’s stock worth $7,206,000 after purchasing an additional 700 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Deere & by 1.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 543,381 shares of the industrial products company’s stock worth $67,156,000 after purchasing an additional 7,512 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Deere & during the 2nd quarter worth approximately $454,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Deere & by 20.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,184 shares of the industrial products company’s stock worth $7,685,000 after purchasing an additional 10,478 shares in the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the sale, the insider now owns 74,981 shares of the company’s stock, valued at approximately $9,740,031.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total value of $5,423,390.18. Following the sale, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,833 shares of company stock worth $8,725,404. Company insiders own 0.85% of the company’s stock.

Several analysts have recently weighed in on DE shares. Credit Suisse Group set a $132.00 price objective on Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC lifted their price objective on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a report on Monday, May 22nd. Stifel Nicolaus lifted their price objective on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Deutsche Bank AG lifted their price objective on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Finally, Robert W. Baird lifted their price objective on Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, May 22nd. Three equities research 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 stock currently has an average rating of “Hold” and an average target price of $127.58.

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Deere & Company (NYSE:DE) opened at 119.01 on Friday. The company has a market cap of $38.24 billion, a P/E ratio of 19.77 and a beta of 0.70. The firm has a 50-day moving average price of $121.81 and a 200 day moving average price of $118.30. Deere & Company has a 12 month low of $81.89 and a 12 month high of $132.50.

Deere & (NYSE:DE) last issued its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.04. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.55 EPS. On average, equities analysts expect that Deere & Company will post $6.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders 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 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. Deere &’s dividend payout ratio is presently 40.20%.

Deere & 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)

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