105,000 Shares in Deere & Company (DE) Purchased by Caxton Associates LP

Caxton Associates LP acquired a new position in Deere & Company (NYSE:DE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 105,000 shares of the industrial products company’s stock, valued at approximately $12,977,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DE. Parkwood LLC raised its holdings in Deere & by 144.8% in the 1st quarter. Parkwood LLC now owns 59,328 shares of the industrial products company’s stock worth $6,458,000 after acquiring an additional 35,093 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Deere & in the 1st quarter worth approximately $205,000. Pax World Management LLC purchased a new position in Deere & in the 1st quarter worth approximately $207,000. Fortaleza Asset Management Inc. purchased a new position in Deere & in the 1st quarter worth approximately $359,000. Finally, Toronto Dominion Bank raised its holdings in Deere & by 54.1% in the 1st quarter. Toronto Dominion Bank now owns 81,301 shares of the industrial products company’s stock worth $8,850,000 after acquiring an additional 28,536 shares during the last quarter. Institutional investors own 66.17% of the company’s stock.

Deere & (NYSE:DE) last announced its 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 net margin of 6.81% and a return on equity of 25.96%. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.87%. Deere &’s dividend payout ratio (DPR) is 40.20%.

In other news, insider Jean H. Gilles sold 12,361 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $129.90, for a total value of $1,605,693.90. Following the transaction, the insider now directly owns 74,981 shares of the company’s stock, valued at $9,740,031.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the completion of the transaction, the insider now directly owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,023 shares of company stock worth $14,185,962. Company insiders own 0.85% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating and issued a $140.00 price objective on shares of Deere & in a report on Thursday. Deutsche Bank AG restated a “hold” rating and issued a $129.00 price objective (down from $135.00) on shares of Deere & in a report on Monday. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Deere & from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $119.00 price objective on shares of Deere & and gave the stock a “hold” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. Deere & presently has a consensus rating of “Hold” and an average target price of $127.97.

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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