Nichols & Pratt Advisers LLP MA purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,800 shares of the industrial products company’s stock, valued at approximately $222,000.

Other hedge funds also recently added to or reduced their stakes in the company. Arrow Financial Corp lifted its position in Deere & by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in Deere & by 1.4% in the 1st 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 in the last quarter. MCF Advisors LLC lifted its position in Deere & by 26.2% in the 1st quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares in the last quarter. Reilly Financial Advisors LLC lifted its position in Deere & by 18.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,284 shares of the industrial products company’s stock worth $159,000 after buying an additional 200 shares in the last quarter. Finally, Endurance Wealth Management Inc. lifted its position in Deere & by 2.2% in the 1st quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded 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 target price on shares of Deere & and gave the stock a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus set a $135.00 target price on shares of Deere & and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Argus reiterated a “buy” rating and issued a $140.00 target price on shares of Deere & in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Deere & has an average rating of “Hold” and an average price target of $127.58.

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Shares of Deere & Company (DE) opened at 119.01 on Monday. Deere & Company has a one year low of $80.69 and a one year high of $132.50. The company has a market capitalization 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 of $121.81 and a 200-day moving average of $118.30.

Deere & (NYSE:DE) last released its quarterly earnings data 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 net margin of 6.81% and a return on equity of 25.96%. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Deere & Company will post $6.52 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.02%. Deere &’s dividend payout ratio is currently 40.20%.

In other Deere & news, insider Jean H. Gilles sold 12,361 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $129.90, for a total value of $1,605,693.90. Following the transaction, the insider now directly owns 74,981 shares in the company, valued at $9,740,031.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the completion of the transaction, the insider now owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,833 shares of company stock worth $8,725,404. Corporate insiders own 0.75% of the company’s stock.

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

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