Deere & Company (DE) Shares Sold by Carl Domino Inc
Carl Domino Inc cut its holdings in shares of Deere & Company (NYSE:DE) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,490 shares of the industrial products company’s stock after selling 1,720 shares during the period. Carl Domino Inc’s holdings in Deere & were worth $1,066,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. QCI Asset Management Inc. NY boosted its position in Deere & by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares during the last quarter. Arrow Financial Corp boosted its position in Deere & by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Deere & by 1.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares during the last quarter. Harfst & Associates Inc. boosted its position in Deere & by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in Deere & by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.
In related news, insider Pentz Markwart Von sold 22,095 shares of Deere & stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total value of $2,653,609.50. Following the sale, the insider now owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John C. May II sold 18,626 shares of Deere & stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the sale, the insider now directly owns 37,462 shares in the company, valued at approximately $4,898,531.12. The disclosure for this sale can be found here. Insiders sold a total of 149,141 shares of company stock worth $18,694,199 in the last three months. Company insiders own 0.85% of the company’s stock.
Deere & Company (DE) traded down $0.61 on Thursday, hitting $132.27. The company’s stock had a trading volume of 1,764,700 shares, compared to its average volume of 2,351,039. Deere & Company has a 1 year low of $90.75 and a 1 year high of $136.69. The firm has a market cap of $43,390.00, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90.
Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. research analysts expect that Deere & Company will post 6.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio is 40.07%.
DE has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price objective on shares of Deere & in a research report on Thursday, November 2nd. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird lowered Deere & from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. BidaskClub lowered Deere & from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus set a $135.00 price target on Deere & and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $130.08.
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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