Dodge & Cox decreased its position in Deere & Company (NYSE:DE) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,687 shares of the industrial products company’s stock after selling 196 shares during the quarter. Dodge & Cox’s holdings in Deere & were worth $3,051,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DE. BlackRock Inc. grew its stake in shares of Deere & by 2,432.6% in the first 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 during the last quarter. Vanguard Group Inc. grew its stake in shares of Deere & by 8.2% in the first 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 during the last quarter. Principal Financial Group Inc. grew its stake in shares of Deere & by 242.6% in the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock worth $179,271,000 after acquiring an additional 1,027,175 shares during the last quarter. FMR LLC grew its stake in shares of Deere & by 18.3% in the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after acquiring an additional 777,519 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Deere & by 107.6% in the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after acquiring an additional 631,378 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Deere & Company (NYSE DE) opened at 128.33 on Thursday. The company has a 50 day moving average price of $120.09 and a 200-day moving average price of $119.70. Deere & Company has a 12-month low of $85.05 and a 12-month high of $132.50. The company has a market capitalization of $41.23 billion, a PE ratio of 21.31 and a beta of 0.69. Deere & also was the target of some unusual options trading on Monday. Stock traders acquired 731 call options on the stock. This is an increase of 255% compared to the average volume of 206 call options.

Deere & (NYSE:DE) last released its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. Deere &’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. On average, analysts anticipate that Deere & Company will post $6.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

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In related 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 sale, the insider now directly owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.99, for a total value of $1,041,869.85. Following the completion of the sale, the insider now directly owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. Insiders sold 116,023 shares of company stock worth $14,185,962 over the last ninety days. 0.85% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Deere & in a research note on Friday, August 11th. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Deere & in a research note on Wednesday, August 16th. Robert W. Baird downgraded shares of Deere & from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a research note on Friday, August 18th. Finally, Bank of America Corporation decreased their price target on shares of Deere & from $145.00 to $130.00 and set a “neutral” rating on the stock in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Deere & has an average rating of “Hold” and an average target price of $127.76.

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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