Charter Trust Co. lowered its position in Deere & Company (NYSE:DE) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,262 shares of the industrial products company’s stock after selling 1,052 shares during the period. Charter Trust Co.’s holdings in Deere & were worth $1,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DE. 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 worth $114,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake 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 increased its stake 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. increased its stake 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, Parallel Advisors LLC increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.

Shares of Deere & Company (NYSE:DE) traded down 0.85% during midday trading on Friday, reaching $126.70. The company’s stock had a trading volume of 2,305,693 shares. Deere & Company has a 12 month low of $76.73 and a 12 month high of $132.50. The company has a market cap of $40.53 billion, a PE ratio of 22.81 and a beta of 0.67. The company’s 50-day moving average price is $126.67 and its 200-day moving average price is $116.64.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.89%. Deere &’s dividend payout ratio is presently 43.24%.

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A number of analysts have issued reports on the company. UBS AG reissued a “neutral” rating and issued a $122.00 target price (up from $112.00) on shares of Deere & in a research report on Monday, May 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $125.00 target price on shares of Deere & in a research report on Wednesday. Credit Suisse Group set a $132.00 target price on Deere & and gave the stock a “buy” rating in a research report on Saturday, May 20th. Barclays PLC set a $100.00 target price on Deere & and gave the stock a “sell” rating in a research report on Sunday, June 4th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $139.00 target price (up from $135.00) on shares of Deere & in a research report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Deere & currently has an average rating of “Hold” and a consensus price target of $122.79.

In related news, insider Jean H. Gilles sold 8,015 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the completion of the transaction, the insider now directly owns 70,635 shares in the company, valued at $9,181,843.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. 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 90 days. 0.85% of the stock is currently owned by 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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