Trust Co. of Virginia VA Has $557,000 Holdings in Deere & Company (DE)
Trust Co. of Virginia VA maintained its stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,504 shares of the industrial products company’s stock at the end of the second quarter. Trust Co. of Virginia VA’s holdings in Deere & were worth $557,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Deere & by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after acquiring an additional 1,541,004 shares in the last quarter. BlackRock Inc. grew its holdings in Deere & by 2,432.6% during the 1st quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after acquiring an additional 16,055,453 shares in the last quarter. State Street Corp grew its holdings in Deere & by 0.4% during the 1st quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock worth $1,335,500,000 after acquiring an additional 45,695 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Deere & by 5.1% during the 1st quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after acquiring an additional 322,158 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Deere & by 0.5% during the 1st quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock worth $637,992,000 after acquiring an additional 26,303 shares in the last quarter. 66.20% of the stock is owned by institutional investors.
Several research analysts have weighed in on DE shares. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $125.00 price target on shares of Deere & in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Deere & in a report on Sunday, August 20th. Finally, Credit Suisse Group lowered shares of Deere & from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 22nd. Three 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. The company has an average rating of “Hold” and an average target price of $127.58.
In related news, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total value of $654,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the completion of the transaction, the insider now directly owns 74,981 shares of the company’s stock, valued at $9,740,031.90. The disclosure for this sale can be found here. Insiders have sold a total of 93,928 shares of company stock valued at $11,379,013 over the last ninety days. Company insiders own 0.85% of the company’s stock.
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 stock has a market capitalization of $39.62 billion, a P/E ratio of 20.48 and a beta of 0.70. The company’s 50-day moving average is $121.41 and its 200-day moving average is $118.58.
Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. Equities analysts anticipate that Deere & Company will post $6.52 earnings per share for the current 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 paid a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.94%. Deere &’s dividend payout ratio is currently 40.20%.
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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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