Northwestern Mutual Investment Management Company LLC trimmed its position in shares of Deere & Company (NYSE:DE) by 80.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,389 shares of the industrial products company’s stock after selling 47,853 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Deere & were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kistler Tiffany Companies LLC boosted its stake in Deere & by 0.4% during the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock worth $220,000 after buying an additional 8 shares during the period. Nadler Financial Group Inc. boosted its stake in Deere & by 0.4% during the second quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after buying an additional 10 shares during the period. Blue Chip Partners Inc. boosted its stake in Deere & by 0.3% during the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after buying an additional 10 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Deere & by 1.4% during 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 during the period. Finally, RMB Capital Management LLC boosted its stake in Deere & by 0.6% during the first quarter. RMB Capital Management LLC now owns 3,329 shares of the industrial products company’s stock worth $362,000 after buying an additional 19 shares during the period. 66.20% of the stock is owned by institutional investors.

In other news, insider Pentz Markwart Von sold 46,457 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. Insiders sold a total of 93,928 shares of company stock worth $11,379,013 in the last ninety days. 0.85% of the stock is owned by corporate insiders.

Several research analysts have commented on DE shares. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price objective for the company in a research note on Monday, August 7th. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. William Blair upgraded Deere & from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 1st. Finally, BMO Capital Markets lifted their target price on Deere & from $128.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $127.58.

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Deere & Company (NYSE:DE) opened at 123.75 on Friday. The firm has a 50-day moving average of $121.41 and a 200-day moving average of $118.58. Deere & Company has a one year low of $82.33 and a one year high of $132.50. The company has a market capitalization of $39.76 billion, a P/E ratio of 20.55 and a beta of 0.70.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company 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%. Deere &’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. On average, analysts anticipate that Deere & Company will post $6.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio is currently 40.20%.

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.

Institutional Ownership by Quarter for Deere & (NYSE:DE)

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