Deere & Company (DE) Position Lowered by State Street Corp

State Street Corp reduced its stake in Deere & Company (NYSE:DE) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,058,217 shares of the industrial products company’s stock after selling 209,782 shares during the quarter. State Street Corp owned about 3.77% of Deere & worth $1,490,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Marco Investment Management LLC lifted its stake in shares of Deere & by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 6 shares during the period. Nadler Financial Group Inc. lifted its stake in shares of Deere & by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 10 shares during the period. Blue Chip Partners Inc. lifted its stake in shares of Deere & by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 10 shares during the period. Northwest Quadrant Wealth Management LLC lifted its stake in shares of Deere & by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 13 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its stake in shares of Deere & by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 13 shares during the period. 66.17% of the stock is currently owned by institutional investors.

In other Deere & news, insider John C. May II sold 22,095 shares of Deere & stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the sale, the insider now owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total value of $5,423,390.18. Following the completion of the sale, the insider now directly owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. In the last three months, insiders sold 116,023 shares of company stock valued at $14,185,962. Corporate insiders own 0.85% of the company’s stock.

A number of equities analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Deere & in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) started coverage on Deere & in a research note on Tuesday, August 8th. They issued a “buy” rating on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $129.00 price target (down from $135.00) on shares of Deere & in a research note on Monday. Bank of America Corporation lowered Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target on the stock. in a research note on Tuesday, August 15th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Deere & in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $127.45.

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Shares of Deere & Company (NYSE DE) traded down 0.05% on Thursday, reaching $127.70. The company’s stock had a trading volume of 43,924 shares. The company has a market cap of $41.03 billion, a price-to-earnings ratio of 21.21 and a beta of 0.69. Deere & Company has a 52-week low of $85.27 and a 52-week high of $132.50. The stock has a 50-day moving average of $121.20 and a 200 day moving average of $120.36.

Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. On average, equities research analysts forecast that Deere & Company will post $6.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, September 28th. Deere &’s payout ratio is 40.20%.

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

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