Deere & Company (DE) Shares Bought by HighPoint Advisor Group LLC
HighPoint Advisor Group LLC boosted its position in shares of Deere & Company (NYSE:DE) by 250.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,714 shares of the industrial products company’s stock after purchasing an additional 6,229 shares during the period. HighPoint Advisor Group LLC’s holdings in Deere & were worth $1,172,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in Deere & by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock worth $2,262,000 after purchasing an additional 300 shares in the last quarter. Bartlett & Co. LLC boosted its stake in shares of Deere & by 552.8% during the 3rd quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock valued at $13,193,000 after buying an additional 88,955 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Deere & by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock valued at $140,891,000 after buying an additional 40,269 shares during the period. Ngam Advisors L.P. boosted its stake in shares of Deere & by 20.8% during the 1st quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock valued at $46,498,000 after buying an additional 73,484 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Deere & by 22.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 808,264 shares of the industrial products company’s stock valued at $98,980,000 after buying an additional 147,626 shares during the period. Hedge funds and other institutional investors own 65.67% of the company’s stock.
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Deere & Company (DE) traded down $0.32 during trading hours on Tuesday, hitting $131.91. 1,820,300 shares of the stock traded hands, compared to its average volume of 2,357,185. Deere & Company has a one year low of $90.75 and a one year high of $136.69. 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 company has a market cap of $42,380.00, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73.
Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the 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 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 firm posted $1.55 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. research analysts forecast that Deere & Company will post 6.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. Deere &’s payout ratio is 40.07%.
DE has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price for the company in a research note on Monday, August 7th. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Piper Jaffray Companies set a $119.00 target price on shares of Deere & and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $129.00 target price (down previously from $135.00) on shares of Deere & in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $129.08.
In related news, insider Pentz Markwart Von sold 22,095 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total value of $2,653,609.50. Following the sale, the insider now owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John C. May II sold 18,626 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the completion of the sale, the insider now directly owns 37,462 shares in the company, valued at approximately $4,898,531.12. 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. Insiders own 0.75% of the company’s stock.
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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