Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Deere & Company (NYSE:DE) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 543,381 shares of the industrial products company’s stock after acquiring an additional 7,512 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Deere & worth $67,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DE. Guardian Life Insurance Co. of America raised its stake in Deere & by 1.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 16 shares during the period. Arrow Financial Corp raised its stake in Deere & by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares during the period. MCF Advisors LLC raised its stake in Deere & by 26.2% in the 1st quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 241 shares during the period. Endurance Wealth Management Inc. raised its stake in Deere & by 2.2% in the 1st quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 30 shares during the period. Finally, Reilly Financial Advisors LLC raised its stake in Deere & by 18.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,284 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.

Shares of Deere & Company (DE) opened at 119.01 on Friday. The company has a 50-day moving average price of $121.81 and a 200 day moving average price of $118.30. Deere & Company has a 1-year low of $81.89 and a 1-year high of $132.50. The firm has a market capitalization of $38.24 billion, a price-to-earnings ratio of 19.77 and a beta of 0.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.02%. Deere &’s dividend payout ratio is currently 40.20%.

A number of equities research analysts recently weighed in on DE shares. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of Deere & in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Deere & in a research report on Sunday, August 20th. Finally, Credit Suisse Group cut Deere & from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Deere & currently has a consensus rating of “Hold” and an average price target of $127.58.

In other news, insider Pentz Markwart Von sold 46,457 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total value of $5,423,390.18. Following the completion of the transaction, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $129.99, for a total value of $1,041,869.85. Following the completion of the transaction, the insider now owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The disclosure for this sale can be found here. Insiders sold a total of 71,833 shares of company stock worth $8,725,404 over the last 90 days. Corporate insiders own 0.85% of the company’s stock.

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Deere & 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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