AllSquare Wealth Management LLC acquired a new stake in Deere & Company (NYSE:DE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,360 shares of the industrial products company’s stock, valued at approximately $171,000.
A number of other large investors have also recently modified their holdings of the stock. Retirement Systems of Alabama raised its position in shares of Deere & by 8.8% during the 3rd quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company’s stock worth $19,489,000 after buying an additional 12,503 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Deere & by 37.7% during the 3rd quarter. Ballentine Partners LLC now owns 5,818 shares of the industrial products company’s stock worth $732,000 after buying an additional 1,593 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of Deere & by 3.9% during the 3rd quarter. Hennessy Advisors Inc. now owns 18,700 shares of the industrial products company’s stock worth $2,349,000 after buying an additional 700 shares in the last quarter. Princeton Capital Management Inc. raised its position in shares of Deere & by 15.0% during the 3rd quarter. Princeton Capital Management Inc. now owns 9,511 shares of the industrial products company’s stock worth $1,194,000 after buying an additional 1,240 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Deere & during the 3rd quarter worth about $158,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.
Deere & Company (DE) traded down $0.15 during mid-day trading on Monday, hitting $132.08. 779,010 shares of the company traded hands, compared to its average volume of 2,359,648. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. The firm has a market capitalization of $42,520.00, a PE ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73. Deere & Company has a twelve month low of $89.69 and a twelve month high of $136.69.
Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The business 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%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. analysts predict that Deere & Company will post 6.47 EPS for the current fiscal year.
The business 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. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio is currently 40.07%.
In other Deere & news, insider John C. May II sold 18,626 shares of Deere & stock in a transaction that occurred on 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 $4,898,531.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of Deere & stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the sale, the insider now owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,141 shares of company stock valued at $18,694,199. 0.75% of the stock is currently owned by corporate insiders.
A number of analysts have commented on DE shares. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG restated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Deere & in a research report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and set a $125.00 price target on shares of Deere & in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $129.08.
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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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