Parsons Capital Management Inc. RI cut its stake in shares of Deere & Company (NYSE:DE) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,670 shares of the industrial products company’s stock after selling 250 shares during the period. Parsons Capital Management Inc. RI’s holdings in Deere & were worth $726,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ledyard National Bank increased its stake in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after buying an additional 16 shares during the period. MCF Advisors LLC increased its position in shares of Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares during the period. Endurance Wealth Management Inc. increased its position in shares of Deere & by 2.2% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after buying an additional 30 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Deere & by 14.7% in the first quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after buying an additional 193 shares during the period. 67.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Deere & Company (NYSE:DE) traded down 0.21% during trading on Wednesday, hitting $131.74. The stock had a trading volume of 318,736 shares. The company has a market cap of $42.14 billion, a P/E ratio of 23.72 and a beta of 0.67. Deere & Company has a 12 month low of $76.73 and a 12 month high of $132.22. The stock has a 50-day moving average price of $126.12 and a 200 day moving average price of $115.78. Deere & also saw some unusual options trading on Monday. Stock traders bought 731 call options on the company. This represents an increase of 255% compared to the typical volume of 206 call options.

Deere & (NYSE:DE) last released its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Deere & Company will post $6.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is presently 43.24%.

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A number of research analysts recently issued reports on DE shares. UBS AG reiterated a “neutral” rating and set a $122.00 target price (up previously from $112.00) on shares of Deere & in a research report on Monday, May 22nd. Credit Suisse Group set a $132.00 price target on shares of Deere & and gave the company a “buy” rating in a research note on Saturday, May 20th. Barclays PLC set a $100.00 price target on shares of Deere & and gave the company a “sell” rating in a research note on Sunday, June 4th. BMO Capital Markets restated a “buy” rating and set a $128.00 price target on shares of Deere & in a research note on Thursday, April 20th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $140.00 target price (up previously from $125.00) on shares of Deere & in a research note on Tuesday, May 23rd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $122.60.

In other news, insider Jean H. Gilles sold 8,015 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $129.99, for a total value of $1,041,869.85. Following the transaction, the insider now directly owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 333,492 shares in the company, valued at $41,686,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,988 shares of company stock valued at $15,796,587. 0.75% of the stock is currently owned by company insiders.

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

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