Heritage Trust Co Has $210,000 Holdings in Deere & Company (DE)
Heritage Trust Co maintained its stake in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,700 shares of the industrial products company’s stock at the end of the 2nd quarter. Heritage Trust Co’s holdings in Deere & were worth $210,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DE. QCI Asset Management Inc. NY increased its stake in Deere & by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares during 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 valued at $123,000 after purchasing an additional 16 shares during the last quarter. Arrow Financial Corp increased its stake in Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during 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 valued at $126,000 after purchasing an additional 241 shares during the last quarter. Finally, 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 valued at $153,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
In other Deere & news, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction that occurred 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 sale, the insider now directly owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of Deere & stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.99, for a total value of $1,041,869.85. Following the sale, the insider now directly owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. Insiders have sold 93,928 shares of company stock worth $11,379,013 over the last ninety days. Company insiders own 0.85% of the company’s stock.
Shares of Deere & Company (NYSE:DE) opened at 123.75 on Friday. The company has a market cap of $39.76 billion, a P/E ratio of 20.55 and a beta of 0.70. The company has a 50 day moving average price of $121.41 and a 200 day moving average price of $118.58. Deere & Company has a one year low of $82.33 and a one year high of $132.50.
Deere & (NYSE:DE) last released its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. Equities research analysts expect that Deere & Company will post $6.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.60 per share. 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 payout ratio is 40.20%.
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DE has been the subject of several analyst reports. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $125.00 target price on shares of Deere & in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Deere & in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Finally, Credit Suisse Group lowered Deere & from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 22nd. Three 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 stock. The stock has an average rating of “Hold” and an average target price of $127.58.
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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