Northwestern Mutual Wealth Management Co. boosted its stake in shares of Deere & Company (NYSE:DE) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,049 shares of the industrial products company’s stock after acquiring an additional 243 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Deere & were worth $6,927,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bbva Compass Bancshares Inc. boosted its stake in shares of Deere & by 14.9% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 45,781 shares of the industrial products company’s stock valued at $4,984,000 after purchasing an additional 5,927 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Deere & by 23.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 28,712 shares of the industrial products company’s stock valued at $3,229,000 after purchasing an additional 5,401 shares during the last quarter. TIAA CREF Trust Co. FSB MO boosted its stake in shares of Deere & by 4.0% in the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 14,530 shares of the industrial products company’s stock valued at $1,582,000 after purchasing an additional 562 shares during the last quarter. HPM Partners LLC bought a new position in shares of Deere & in the 1st quarter valued at about $1,172,000. Finally, Davis R M Inc. boosted its stake in shares of Deere & by 1.0% in the 1st quarter. Davis R M Inc. now owns 9,054 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 88 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

DE has been the topic of several recent research reports. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Citigroup Inc. raised their target price on shares of Deere & from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Credit Suisse Group set a $151.00 target price on shares of Deere & and gave the company a “buy” rating in a research note on Saturday, June 3rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Deere & in a research note on Tuesday, August 8th. They issued a “buy” rating on the stock. Finally, Argus reaffirmed a “buy” rating and issued a $140.00 target price on shares of Deere & in a research note on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. Deere & presently has an average rating of “Hold” and an average price target of $127.58.

Shares of Deere & Company (NYSE:DE) opened at 123.32 on Thursday. Deere & Company has a 12-month low of $82.70 and a 12-month high of $132.50. The firm has a market cap of $39.62 billion, a P/E ratio of 20.48 and a beta of 0.70. The stock’s 50 day moving average price is $121.41 and its 200-day moving average price is $118.58.

Deere & (NYSE:DE) last issued its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the company earned $1.55 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, analysts predict that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a yield of 1.94%. Deere &’s dividend payout ratio is currently 40.20%.

In other Deere & news, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,506,042.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total value of $1,605,693.90. Following the completion of the transaction, the insider now owns 74,981 shares of the company’s stock, valued at approximately $9,740,031.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,928 shares of company stock valued at $11,379,013. 0.85% of the stock is owned by corporate insiders.

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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)

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