Bluestein R H & Co. lowered its position in Deere & Company (NYSE:DE) by 77.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the industrial products company’s stock after selling 8,700 shares during the quarter. Bluestein R H & Co.’s holdings in Deere & Company were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. QCI Asset Management Inc. NY boosted its stake in shares of Deere & Company by 18.8% during 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. Arrow Financial Corp boosted its stake in shares of Deere & Company by 5.2% during 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. boosted its stake in shares of Deere & Company by 44.2% during 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. YorkBridge Wealth Partners LLC boosted its stake in shares of Deere & Company by 1.1% during 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. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Deere & Company during the 2nd quarter worth about $155,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.

Deere & Company (NYSE DE) opened at $150.85 on Wednesday. Deere & Company has a 12-month low of $100.05 and a 12-month high of $152.68. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The firm has a market capitalization of $48,506.20, a PE ratio of 22.74, a P/E/G ratio of 2.33 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. analysts forecast that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. Deere & Company’s dividend payout ratio is presently 36.14%.

Several research firms have recently issued reports on DE. BMO Capital Markets upped their price target on Deere & Company to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 28th. Stifel Nicolaus upped their price target on Deere & Company to $161.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Credit Suisse Group reiterated a “buy” rating and set a $162.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Argus reiterated a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, Citigroup reiterated a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research note on Friday, November 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $140.33.

In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. Insiders have sold a total of 197,497 shares of company stock valued at $26,540,705 in the last three months. 0.75% of the stock is owned by insiders.

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Deere & Company 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.

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

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