Point View Wealth Management Inc. cut its stake in shares of Deere & Company (NYSE:DE) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,823 shares of the industrial products company’s stock after selling 377 shares during the quarter. Deere & accounts for about 1.6% of Point View Wealth Management Inc.’s holdings, making the stock its 3rd biggest holding. Point View Wealth Management Inc.’s holdings in Deere & were worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in DE. BlackRock Inc. lifted its position in Deere & by 2,432.6% during the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock valued at $1,819,643,000 after purchasing an additional 16,055,453 shares during the last quarter. Vanguard Group Inc. lifted its position in Deere & by 8.2% during the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock valued at $2,225,128,000 after purchasing an additional 1,541,004 shares during the last quarter. SG Americas Securities LLC lifted its position in Deere & by 107.6% during the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock valued at $4,884,000 after purchasing an additional 631,378 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Deere & by 16.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,987,763 shares of the industrial products company’s stock worth $369,258,000 after acquiring an additional 415,714 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Deere & by 5.1% in the 1st quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after acquiring an additional 322,158 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

DE has been the subject of a number of recent research reports. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC boosted their price objective on shares of Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a report on Monday, May 22nd. Stifel Nicolaus boosted their price objective on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Deutsche Bank AG boosted their price objective on shares of Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Finally, Robert W. Baird boosted their price objective on shares of Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, May 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $127.58.

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Deere & Company (NYSE DE) opened at 117.37 on Thursday. The stock has a market capitalization of $37.71 billion, a P/E ratio of 19.49 and a beta of 0.70. Deere & Company has a 12 month low of $80.35 and a 12 month high of $132.50. The firm’s 50-day moving average is $122.65 and its 200-day moving average is $118.24.

Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts expect that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.04%. Deere &’s dividend payout ratio (DPR) is 40.20%.

In other news, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the sale, the insider now directly owns 47,165 shares in the company, valued at $5,506,042.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cory J. Reed sold 4,936 shares of Deere & stock in a transaction on Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the sale, the insider now owns 9,903 shares of the company’s stock, valued at $1,267,584. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,769 shares of company stock valued at $9,357,212. Corporate 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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