Deere & Company (DE) Holdings Lifted by Manchester Capital Management LLC
Manchester Capital Management LLC grew its stake in shares of Deere & Company (NYSE:DE) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708 shares of the industrial products company’s stock after acquiring an additional 60 shares during the period. Manchester Capital Management LLC’s holdings in Deere & were worth $211,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DE. BlackRock Inc. grew its holdings in Deere & by 2,432.6% during the 1st quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after acquiring an additional 16,055,453 shares in the last quarter. Vanguard Group Inc. grew its holdings in Deere & by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after acquiring an additional 1,541,004 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Deere & by 242.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock worth $179,271,000 after acquiring an additional 1,027,175 shares in the last quarter. SG Americas Securities LLC grew its holdings in Deere & by 107.6% during the 1st quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after acquiring an additional 631,378 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Deere & by 16.2% during 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 in the last quarter. 66.20% of the stock is owned by institutional investors.
In other Deere & news, insider Jean H. Gilles sold 8,015 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 70,635 shares in the company, valued at approximately $9,181,843.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the company’s stock in a transaction dated 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. In the last three months, insiders have sold 93,928 shares of company stock worth $11,379,013. Insiders own 0.85% of the company’s stock.
Several research analysts have recently commented on DE shares. Barclays PLC set a $100.00 price target on shares of Deere & and gave the company a “sell” rating in a report on Sunday, June 4th. Credit Suisse Group set a $151.00 price target on shares of Deere & and gave the company a “buy” rating in a report on Saturday, June 3rd. Robert W. Baird lowered shares of Deere & from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $130.00 in a report on Friday, August 18th. BidaskClub lowered shares of Deere & from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Berenberg Bank decreased their price target on shares of Deere & from $100.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, June 28th. 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. Deere & currently has a consensus rating of “Hold” and a consensus price target of $127.58.
Shares of Deere & Company (DE) opened at 123.75 on Friday. Deere & Company has a 52-week low of $82.33 and a 52-week 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. The firm’s 50 day moving average is $121.41 and its 200-day moving average is $118.58.
Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The firm had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The company’s revenue was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post $6.52 earnings per share for the current fiscal 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 of this dividend 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.
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.