Deere & Company (DE) Shares Bought by Girard Partners LTD.
Girard Partners LTD. boosted its holdings in shares of Deere & Company (NYSE:DE) by 96.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,345 shares of the industrial products company’s stock after buying an additional 1,643 shares during the period. Girard Partners LTD.’s holdings in Deere & were worth $420,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. AE Wealth Management LLC bought a new stake in Deere & during the third quarter valued at $201,000. Cutler Investment Counsel LLC boosted its stake in Deere & by 1.7% during the third quarter. Cutler Investment Counsel LLC now owns 89,905 shares of the industrial products company’s stock valued at $11,291,000 after buying an additional 1,544 shares during the period. Rational Advisors LLC bought a new stake in Deere & during the third quarter valued at $251,000. Blue Rock Advisors LLC bought a new stake in Deere & during the third quarter valued at $1,885,000. Finally, Spectrum Management Group Inc. bought a new stake in Deere & during the third quarter valued at $203,000. 67.05% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on DE shares. BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Deere & in a research note on Thursday, November 2nd. ValuEngine raised Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Robert W. Baird lowered Deere & from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $130.00 in a research note on Friday, August 18th. BidaskClub lowered Deere & from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Stifel Nicolaus set a $135.00 price objective on Deere & and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $130.08.
Shares of Deere & Company (NYSE DE) traded up $1.16 during trading hours on Monday, reaching $135.77. The company had a trading volume of 1,964,900 shares, compared to its average volume of 2,348,028. Deere & Company has a 52 week low of $91.33 and a 52 week high of $136.69. The stock has a market cap of $43,622.48, a P/E ratio of 22.74, a PEG ratio of 2.43 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Deere &’s revenue was up 16.6% compared to the same quarter last year. equities research analysts anticipate that Deere & Company will post 6.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.77%. Deere &’s dividend payout ratio is presently 40.20%.
In related news, insider Max A. Guinn sold 8,551 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $134.89, for a total transaction of $1,153,444.39. Following the transaction, the insider now owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total value of $5,423,390.18. Following the transaction, the insider now owns 47,165 shares in the company, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,141 shares of company stock worth $18,694,199. 0.75% of the stock is owned by company insiders.
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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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