Baker Boyer National Bank held its position in shares of Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The institutional investor owned 6,570 shares of the industrial products company’s stock at the end of the second quarter. Deere & comprises about 3.2% of Baker Boyer National Bank’s holdings, making the stock its 7th largest position. Baker Boyer National Bank’s holdings in Deere & were worth $812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ledyard National Bank raised its stake in shares of 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 during the last quarter. Guardian Life Insurance Co. of America raised its stake 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 valued at $123,000 after buying an additional 16 shares during the last quarter. MCF Advisors LLC raised its stake 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 valued at $126,000 after buying an additional 241 shares during the last quarter. Endurance Wealth Management Inc. raised its stake 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 valued at $153,000 after buying an additional 30 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake 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 valued at $167,000 after buying an additional 193 shares during the last quarter. Institutional investors own 67.35% of the company’s stock.

Deere & Company (DE) traded down 0.85% during trading on Friday, reaching $126.70. The company’s stock had a trading volume of 2,305,693 shares. Deere & Company has a 52 week low of $76.73 and a 52 week high of $132.50. The company has a 50 day moving average price of $126.67 and a 200-day moving average price of $116.64. The company has a market capitalization of $40.53 billion, a PE ratio of 22.81 and a beta of 0.67.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is 43.24%.

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Several analysts have commented on DE shares. TheStreet raised Deere & from a “c+” rating to an “a-” rating in a report on Friday, May 19th. Credit Suisse Group set a $132.00 price objective on Deere & and gave the company a “buy” rating in a report on Saturday, May 20th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price objective on shares of Deere & in a report on Thursday, April 20th. Stifel Nicolaus raised their price objective on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Citigroup Inc. raised their price objective on Deere & from $125.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $122.79.

In related news, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value of $7,838,000.00. Following the transaction, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at approximately $41,686,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cory J. Reed sold 5,840 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $698,405.60. Following the completion of the transaction, the insider now directly owns 10,807 shares in the company, valued at $1,292,409.13. 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 90 days. 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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Institutional Ownership by Quarter for Deere & (NYSE:DE)

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