Summit Financial Wealth Advisors LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,284 shares of the industrial products company’s stock after selling 303 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Deere & were worth $529,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Deere & by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock worth $2,262,000 after purchasing an additional 300 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Deere & by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after purchasing an additional 40,269 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of Deere & by 42.1% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 6,353 shares during the last quarter. Ngam Advisors L.P. boosted its holdings in shares of Deere & by 20.8% during the 1st quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock worth $46,498,000 after purchasing an additional 73,484 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Deere & by 0.9% during the 2nd quarter. IFP Advisors Inc now owns 15,525 shares of the industrial products company’s stock worth $1,919,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

In related news, insider Max A. Guinn sold 5,000 shares of Deere & stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jean H. Gilles sold 8,015 shares of Deere & 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 transaction, the insider now owns 70,635 shares in the company, valued at approximately $9,181,843.65. The disclosure for this sale can be found here. Insiders have sold a total of 116,023 shares of company stock worth $14,185,962 in the last 90 days. Company insiders own 0.85% of the company’s stock.

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Shares of Deere & Company (DE) opened at 128.13 on Friday. Deere & Company has a 52-week low of $85.27 and a 52-week high of $132.50. The stock’s 50 day moving average price is $120.25 and its 200-day moving average price is $119.88. The stock has a market cap of $41.17 billion, a price-to-earnings ratio of 21.28 and a beta of 0.69.

Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ 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 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 quarter in the previous year, the business posted $1.55 EPS. On average, analysts predict that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued 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 1.87%. Deere &’s payout ratio is 40.20%.

DE has been the topic of several recent research reports. BidaskClub upgraded Deere & from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Berenberg Bank lowered their target price on Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and set a $125.00 target price on shares of Deere & in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) upgraded Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a report on Monday, August 7th. Finally, Deutsche Bank AG restated a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Three equities 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 & presently has a consensus rating of “Hold” and a consensus price target of $127.76.

Deere & 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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