Bragg Financial Advisors Inc reduced its position in Deere & Company (NYSE:DE) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 11,740 shares of the company’s stock after selling 555 shares during the period. Bragg Financial Advisors Inc’s holdings in Deere & Company were worth $1,002,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its position in Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares during the last quarter. Jolley Asset Management LLC raised its position in Deere & Company by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock worth $105,000 after buying an additional 150 shares during the last quarter. CWM LLC raised its position in Deere & Company by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock worth $105,000 after buying an additional 600 shares during the last quarter. Cornerstone Advisors Inc. raised its position in Deere & Company by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock worth $108,000 after buying an additional 72 shares during the last quarter. Finally, Signaturefd LLC raised its position in Deere & Company by 1.3% in the second quarter. Signaturefd LLC now owns 1,610 shares of the company’s stock worth $130,000 after buying an additional 21 shares during the last quarter. 70.99% of the stock is owned by hedge funds and other institutional investors.

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

Deere & Company (NYSE:DE) traded up 0.59% during mid-day trading on Friday, reaching $105.79. The company’s stock had a trading volume of 1,360,588 shares. The stock has a market cap of $33.52 billion, a P/E ratio of 21.99 and a beta of 0.78. Deere & Company has a one year low of $70.16 and a one year high of $106.75. The firm’s 50 day moving average is $103.14 and its 200-day moving average is $88.68.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.50. The firm had revenue of $6.52 billion for the quarter. Deere & Company had a net margin of 5.72% and a return on equity of 21.97%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Equities analysts expect that Deere & Company will post $4.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, December 30th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, December 28th. Deere & Company’s dividend payout ratio is 49.90%.

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A number of equities analysts have recently commented on the company. Piper Jaffray Companies raised Deere & Company from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $70.00 to $100.00 in a report on Monday, November 28th. TheStreet raised Deere & Company from a “hold” rating to a “buy” rating in a report on Wednesday, November 23rd. J P Morgan Chase & Co reissued an “underweight” rating on shares of Deere & Company in a research note on Wednesday, November 30th. Barclays PLC lifted their price objective on Deere & Company from $63.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, October 12th. Finally, Oppenheimer Holdings, Inc. lowered Deere & Company from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Deere & Company currently has an average rating of “Hold” and a consensus price target of $94.95.

In related news, insider John C. May II sold 18,614 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total value of $1,795,506.44. Following the sale, the insider now directly owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Field sold 49,964 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.67, for a total transaction of $5,079,839.88. Following the completion of the sale, the insider now directly owns 96,855 shares in the company, valued at $9,847,247.85. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

About Deere & Company

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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