First Trust Advisors LP decreased its holdings in Deere & Company (NYSE:DE) by 77.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,366 shares of the industrial products company’s stock after selling 334,500 shares during the quarter. First Trust Advisors LP’s holdings in Deere & Company were worth $14,336,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BB&T Corp raised its stake in Deere & Company by 2.0% in the 2nd quarter. BB&T Corp now owns 45,800 shares of the industrial products company’s stock worth $6,403,000 after purchasing an additional 919 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Deere & Company by 2.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after buying an additional 29,532 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Deere & Company by 2.5% in the 2nd quarter. Calamos Advisors LLC now owns 70,217 shares of the industrial products company’s stock valued at $9,816,000 after buying an additional 1,708 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Deere & Company by 56.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the industrial products company’s stock valued at $1,046,000 after buying an additional 2,700 shares in the last quarter. Finally, Atria Investments LLC raised its position in shares of Deere & Company by 14.4% in the 3rd quarter. Atria Investments LLC now owns 7,430 shares of the industrial products company’s stock valued at $1,117,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 66.47% of the company’s stock.

Several equities analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 20th. UBS Group dropped their target price on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Deutsche Bank set a $155.00 target price on shares of Deere & Company and gave the company a “hold” rating in a research report on Wednesday, September 5th. Wells Fargo & Co dropped their target price on shares of Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 20th. Finally, OTR Global cut shares of Deere & Company to a “$139.21” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Buy” and an average target price of $177.75.

DE stock opened at $144.81 on Friday. The company has a market cap of $47.75 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.26 and a beta of 0.97. Deere & Company has a 1 year low of $128.32 and a 1 year high of $175.26. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 2.59.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.75 by ($0.16). The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. Deere & Company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. As a group, research analysts expect that Deere & Company will post 9.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Friday, September 28th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, September 27th. Deere & Company’s dividend payout ratio is 41.32%.

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Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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

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