Carroll Financial Associates Inc. Has $222,000 Stake in Deere & Company (DE)
Carroll Financial Associates Inc. decreased its position in Deere & Company (NYSE:DE) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 1,802 shares of the industrial products company’s stock after selling 33 shares during the period. Carroll Financial Associates Inc.’s holdings in Deere & were worth $222,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Ledyard National Bank boosted its position in Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in 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 in the last quarter. MCF Advisors LLC boosted its position in 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 in the last quarter. Endurance Wealth Management Inc. boosted its position in 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 in the last quarter. Finally, Reilly Financial Advisors LLC boosted its position in Deere & by 18.5% in the second quarter. Reilly Financial Advisors LLC now owns 1,284 shares of the industrial products company’s stock worth $159,000 after buying an additional 200 shares in the last quarter. 67.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Deere & Company (NYSE:DE) traded down 0.85% on Friday, reaching $126.70. 2,305,693 shares of the company’s stock traded hands. Deere & Company has a 12-month low of $76.73 and a 12-month high of $132.50. The stock has a 50-day moving average of $126.67 and a 200 day moving average of $116.64. The firm has a market cap of $40.53 billion, a P/E ratio of 22.81 and a beta of 0.67.
Deere & (NYSE:DE) last issued its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. The firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 earnings per share. On average, equities research analysts expect that Deere & Company will post $6.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio is currently 43.24%.
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DE has been the subject of a number of research reports. TheStreet raised shares of Deere & from a “c+” rating to an “a-” rating in a research note on Friday, May 19th. Credit Suisse Group set a $132.00 price target on shares of Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price target on shares of Deere & in a research note on Thursday, April 20th. Stifel Nicolaus boosted their price target on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, Citigroup Inc. boosted their price target on shares of Deere & from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.79.
In other news, insider Cory J. Reed sold 5,840 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 $698,405.60. Following the completion of the sale, the insider now directly owns 10,807 shares of the company’s stock, valued at $1,292,409.13. The sale was disclosed in a legal 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 business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the sale, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at $41,686,500. The disclosure for this sale can be found here. Insiders have sold 130,988 shares of company stock valued at $16,451,037 over the last three months. Insiders own 0.85% of the company’s stock.
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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