CS Mckee LP lessened its holdings in shares of Deere & Company (NYSE:DE) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,412 shares of the industrial products company’s stock after selling 4,420 shares during the quarter. Deere & Company comprises about 1.8% of CS Mckee LP’s holdings, making the stock its 19th biggest holding. CS Mckee LP owned about 0.06% of Deere & Company worth $23,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Marco Investment Management LLC increased its stake in shares of Deere & Company by 0.3% during the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after buying an additional 6 shares during the period. Nadler Financial Group Inc. increased its stake in shares of Deere & Company 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. increased its stake in shares of Deere & Company 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. Northwest Quadrant Wealth Management LLC increased its stake in shares of Deere & Company by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after buying an additional 13 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after buying an additional 13 shares during the period. 67.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Deere & Company (NYSE:DE) traded down $0.25 on Tuesday, hitting $151.33. 1,537,200 shares of the stock were exchanged, compared to its average volume of 2,383,857. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $48,702.18, a price-to-earnings ratio of 22.83, a PEG ratio of 2.34 and a beta of 0.77. Deere & Company has a twelve month low of $100.05 and a twelve month high of $152.68.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. analysts expect that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.

In other news, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares in the company, valued at $5,404,008.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the transaction, the insider now owns 51,626 shares in the company, valued at $6,200,282.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,486 shares of company stock worth $29,869,619. Insiders own 0.75% of the company’s stock.

DE has been the topic of several recent analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of Deere & Company in a research note on Sunday, August 20th. Credit Suisse Group set a $148.00 price target on shares of Deere & Company and gave the company a “buy” rating in a research note on Friday, August 18th. Stifel Nicolaus set a $135.00 price target on shares of Deere & Company and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Argus reiterated a “buy” rating and issued a $140.00 price target on shares of Deere & Company in a research note on Tuesday, August 22nd. Finally, ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $140.33.

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Deere & Company 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.

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

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