C M Bidwell & Associates Ltd. Has $9.29 Million Position in Deere & Company (DE)

C M Bidwell & Associates Ltd. raised its position in Deere & Company (NYSE:DE) by 105.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,150 shares of the industrial products company’s stock after purchasing an additional 38,620 shares during the quarter. Deere & accounts for approximately 2.0% of C M Bidwell & Associates Ltd.’s holdings, making the stock its 8th biggest holding. C M Bidwell & Associates Ltd.’s holdings in Deere & were worth $9,288,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. QCI Asset Management Inc. NY grew its stake 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 worth $117,000 after acquiring an additional 150 shares in the last quarter. Guardian Life Insurance Co. of America grew its stake 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 worth $123,000 after acquiring an additional 16 shares in the last quarter. Arrow Financial Corp grew its stake in Deere & by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares in the last quarter. Harfst & Associates Inc. grew its stake in Deere & by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake 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 worth $154,000 after acquiring an additional 13 shares in the last quarter. 66.17% of the stock is currently owned by institutional investors.

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In other Deere & news, insider Jean H. Gilles sold 8,015 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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 owns 70,635 shares in the company, valued at approximately $9,181,843.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Max A. Guinn sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total transaction of $654,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,023 shares of company stock valued at $14,185,962. 0.85% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on DE shares. Robert W. Baird reiterated a “hold” rating and set a $140.00 price objective on shares of Deere & in a research note on Thursday. Deutsche Bank AG reiterated a “hold” rating and set a $129.00 price objective (down from $135.00) on shares of Deere & in a research note on Monday. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies set a $119.00 price objective on shares of Deere & and gave the company a “hold” rating in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.97.

Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The firm had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. Deere &’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.87%. Deere &’s payout ratio is currently 40.20%.

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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