Deere & Company (DE) Shares Sold by Carl Domino Inc
Carl Domino Inc cut its position in Deere & Company (NYSE:DE) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,210 shares of the industrial products company’s stock after selling 1,355 shares during the period. Deere & makes up about 1.5% of Carl Domino Inc’s portfolio, making the stock its 26th largest position. Carl Domino Inc’s holdings in Deere & were worth $1,262,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Deere & during the second quarter worth approximately $2,700,000. Osborne Partners Capital Management LLC raised its position in shares of Deere & by 1.1% in the second quarter. Osborne Partners Capital Management LLC now owns 3,540 shares of the industrial products company’s stock worth $438,000 after buying an additional 40 shares during the last quarter. Gilbert & Cook Inc. raised its position in shares of Deere & by 1.9% in the second quarter. Gilbert & Cook Inc. now owns 2,631 shares of the industrial products company’s stock worth $325,000 after buying an additional 50 shares during the last quarter. Bridges Investment Counsel Inc. bought a new position in shares of Deere & during the second quarter worth approximately $847,000. Finally, Bridges Investment Management Inc. bought a new position in shares of Deere & during the second quarter worth approximately $216,000. 67.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deere & Company (NYSE DE) traded down 2.37% during midday trading on Thursday, reaching $129.27. 1,287,882 shares of the company’s stock traded hands. The company has a market capitalization of $41.35 billion, a price-to-earnings ratio of 23.27 and a beta of 0.67. The company has a 50-day moving average of $126.50 and a 200-day moving average of $116.42. Deere & Company has a one year low of $76.73 and a one year high of $132.50. Deere & also was the target of some unusual options trading activity on Monday. Traders acquired 731 call options on the company. This represents an increase of approximately 255% compared to the average volume of 206 call options.
Deere & (NYSE:DE) last posted its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The business had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post $6.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is 43.24%.
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A number of equities analysts have recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $125.00 price target on shares of Deere & in a report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & in a report on Tuesday. They issued a “buy” rating on the stock. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Berenberg Bank decreased their price target on shares of Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, June 28th. Finally, Citigroup Inc. increased their price target on shares of Deere & from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $122.60.
In other Deere & news, insider Cory J. Reed sold 5,601 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total transaction of $688,923.00. Following the transaction, the insider now owns 10,568 shares in the company, valued at $1,299,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Marc A. Howze sold 6,624 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $119.59, for a total transaction of $792,164.16. Following the transaction, the vice president now owns 9,004 shares in the company, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. Insiders have sold 130,988 shares of company stock worth $16,451,037 in the last quarter. Company insiders own 0.85% of the company’s stock.
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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