Frontier Wealth Management LLC held its stake in Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,835 shares of the industrial products company’s stock at the close of the 2nd quarter. Frontier Wealth Management LLC’s holdings in Deere & were worth $598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QCI Asset Management Inc. NY increased its position in shares of Deere & by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 150 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Deere & by 1.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 16 shares during the last quarter. Arrow Financial Corp increased its position in shares of Deere & by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the last quarter. Harfst & Associates Inc. increased its position in shares of Deere & by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the last quarter. Finally, Endurance Wealth Management Inc. increased its position in shares of Deere & by 2.2% during the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 30 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on DE shares. Goldman Sachs Group, Inc. (The) raised Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a research report on Monday, August 7th. ValuEngine raised Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Deere & from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Piper Jaffray Companies set a $119.00 target price on Deere & and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Bank of America Corporation lowered Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. Deere & currently has an average rating of “Hold” and an average price target of $127.76.

In related news, insider John C. May II sold 22,095 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the transaction, the insider now owns 51,429 shares of the company’s stock, valued at $6,533,540.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean H. Gilles sold 12,361 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly 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. Insiders sold 116,023 shares of company stock valued at $14,185,962 in the last three months. Company insiders own 0.85% of the company’s stock.

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Deere & Company (NYSE DE) opened at 128.13 on Friday. The stock’s 50 day moving average price is $120.25 and its 200 day moving average price is $119.88. Deere & Company has a 12-month low of $85.27 and a 12-month high of $132.50. The company has a market capitalization of $41.17 billion, a price-to-earnings ratio of 21.28 and a beta of 0.69.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be given 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%.

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.

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

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