Deere & Company (DE) Holdings Lifted by Advantus Capital Management Inc
Advantus Capital Management Inc grew its holdings in shares of Deere & Company (NYSE:DE) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,410 shares of the industrial products company’s stock after purchasing an additional 2,735 shares during the quarter. Advantus Capital Management Inc owned approximately 10,087.15% of Deere & worth $4,070,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Deere & by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after purchasing an additional 1,153,484 shares during the period. BlackRock Inc. lifted its stake in shares of Deere & by 2.5% during the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after purchasing an additional 409,861 shares during the period. State Street Corp raised its position in shares of Deere & by 0.4% in 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 buying an additional 45,695 shares during the period. Capital International Investors raised its position in shares of Deere & by 14.4% in the 2nd quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock worth $804,193,000 after buying an additional 820,991 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of Deere & by 0.5% in 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 buying an additional 26,303 shares during the period. 66.03% of the stock is currently owned by institutional investors.
In other 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 transaction of $2,806,948.80. Following the transaction, the insider now owns 51,429 shares of the company’s stock, valued at $6,533,540.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the transaction, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. Insiders have sold 149,141 shares of company stock worth $18,694,199 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.
Several research analysts recently weighed in on the company. Robert W. Baird lowered Deere & from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. 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. Argus reaffirmed a “buy” rating and issued a $140.00 target price on shares of Deere & in a research report on Tuesday, August 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, BidaskClub lowered Deere & from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $129.08.
Shares of Deere & Company (NYSE:DE) traded up $0.52 during trading on Friday, hitting $131.80. The stock had a trading volume of 152,969 shares, compared to its average volume of 2,346,565. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $42,180.00, a P/E ratio of 22.55, a PEG ratio of 2.44 and a beta of 0.73. Deere & Company has a 12 month low of $89.69 and a 12 month high of $136.69.
Deere & (NYSE:DE) last announced its earnings results 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. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm earned $1.55 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. sell-side analysts expect that Deere & Company will post 6.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. Deere &’s payout ratio is 40.07%.
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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