Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The firm bought 22,186 shares of the industrial products company’s stock, valued at approximately $2,700,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after buying an additional 16,055,453 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after buying an additional 1,541,004 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Deere & by 107.6% in the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after buying an additional 631,378 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Deere & by 5.1% in the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after buying an additional 322,158 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Deere & by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock worth $303,767,000 after buying an additional 282,029 shares in the last quarter. 67.35% of the stock is currently owned by institutional investors.

Deere & Company (NYSE DE) traded down 0.03% during trading on Wednesday, hitting $131.98. The company had a trading volume of 470,756 shares. The stock has a market capitalization of $42.22 billion, a PE ratio of 23.76 and a beta of 0.67. The stock has a 50-day moving average of $126.12 and a 200-day moving average of $115.78. Deere & Company has a one year low of $76.73 and a one year high of $132.22. Deere & also was the target of unusually large options trading on Monday. Traders bought 731 call options on the company. This represents an increase of approximately 255% compared to the typical volume of 206 call options.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, topping 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 business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the company posted $1.56 earnings per share. Deere &’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post $6.37 EPS for the current year.

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

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A number of research analysts have recently weighed in on DE shares. Deutsche Bank AG lifted their price target on Deere & from $122.00 to $135.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) upgraded Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a report on Monday. Credit Suisse Group set a $132.00 price target on Deere & and gave the company a “buy” rating in a report on Wednesday, April 12th. Barclays PLC reiterated a “sell” rating and set a $82.00 price target (up previously from $80.00) on shares of Deere & in a report on Tuesday, April 18th. Finally, J P Morgan Chase & Co upgraded Deere & to an “underweight” rating and lifted their price target for the company from $90.00 to $94.00 in a report on Monday, May 1st. 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’s stock. The company currently has an average rating of “Hold” and an average price target of $122.60.

In related news, insider Jean H. Gilles sold 12,361 shares of Deere & stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the completion of the transaction, the insider now owns 74,981 shares in the company, valued at $9,740,031.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of Deere & 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 owns 70,635 shares of the company’s stock, valued at approximately $9,181,843.65. The disclosure for this sale can be found here. Insiders have sold 125,988 shares of company stock valued at $15,796,587 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

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

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