Norinchukin Bank The Boosts Holdings in Deere & Company (DE)
Norinchukin Bank The boosted its position in shares of Deere & Company (NYSE:DE) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,579 shares of the industrial products company’s stock after buying an additional 3,388 shares during the quarter. Norinchukin Bank The’s holdings in Deere & were worth $10,748,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of DE. Azimuth Capital Management LLC lifted its holdings in Deere & by 3.3% during the 1st quarter. Azimuth Capital Management LLC now owns 6,882 shares of the industrial products company’s stock worth $749,000 after buying an additional 223 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Deere & by 11.2% during the 1st quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock worth $303,767,000 after buying an additional 282,029 shares in the last quarter. Global Endowment Management LP lifted its holdings in Deere & by 7.1% during the 1st quarter. Global Endowment Management LP now owns 3,490 shares of the industrial products company’s stock worth $379,000 after buying an additional 230 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Deere & by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 193 shares during the period. Finally, Davidson Investment Advisors lifted its stake in shares of Deere & by 7.4% in the 1st quarter. Davidson Investment Advisors now owns 4,835 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 335 shares during the period. 67.05% of the stock is currently owned by hedge funds and other institutional investors.
DE has been the topic of a number of analyst reports. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Credit Suisse Group set a $148.00 price target on Deere & and gave the company a “buy” rating in a research note on Friday, August 18th. Argus reissued a “buy” rating and issued a $140.00 price target on shares of Deere & in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 price target on Deere & and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Deere & currently has an average rating of “Hold” and a consensus target price of $130.83.
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Deere & Company (NYSE:DE) traded up $2.31 during trading on Wednesday, hitting $139.23. 5,914,500 shares of the stock were exchanged, compared to its average volume of 2,364,841. Deere & Company has a one year low of $91.84 and a one year high of $140.36. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. The firm has a market cap of $43,991.97, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73.
Deere & (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.13. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same period in the prior year, the business posted $0.90 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. analysts expect that Deere & Company will post 6.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. Deere &’s dividend payout ratio is 40.20%.
In related news, insider John C. May II sold 22,095 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the sale, the insider now directly owns 51,429 shares in the company, valued at approximately $6,533,540.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pentz Markwart Von sold 24,143 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.33, for a total transaction of $3,267,272.19. Following the completion of the sale, the insider now owns 57,086 shares of the company’s stock, valued at $7,725,448.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,684 shares of company stock valued at $13,270,809. Company insiders own 0.75% of the company’s stock.
Deere & Company 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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