Halsey Associates Inc. CT lowered its position in shares of Deere & Company (NYSE:DE) by 3.7% in the second quarter, HoldingsChannel.com reports. The fund owned 74,327 shares of the industrial products company’s stock after selling 2,829 shares during the quarter. Deere & Company comprises about 2.0% of Halsey Associates Inc. CT’s portfolio, making the stock its 19th largest holding. Halsey Associates Inc. CT’s holdings in Deere & Company were worth $10,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BB&T Corp lifted its position in Deere & Company by 2.0% during the 2nd quarter. BB&T Corp now owns 45,800 shares of the industrial products company’s stock worth $6,403,000 after acquiring an additional 919 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Deere & Company by 13.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 97,843 shares of the industrial products company’s stock valued at $13,678,000 after buying an additional 11,630 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Deere & Company by 2.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after buying an additional 29,532 shares during the last quarter. Calamos Advisors LLC raised its stake in shares of Deere & Company by 2.5% during the 2nd quarter. Calamos Advisors LLC now owns 70,217 shares of the industrial products company’s stock valued at $9,816,000 after buying an additional 1,708 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Deere & Company by 6.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 460,739 shares of the industrial products company’s stock valued at $71,562,000 after buying an additional 29,755 shares during the last quarter. 66.63% of the stock is owned by institutional investors.

Shares of Deere & Company stock opened at $147.76 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 2.59. Deere & Company has a twelve month low of $118.37 and a twelve month high of $175.26. The stock has a market capitalization of $47.54 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. Deere & Company’s revenue for the quarter was up 35.9% on a year-over-year basis. analysts forecast that Deere & Company will post 9.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Friday, September 28th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 annualized dividend and a dividend yield of 1.87%. Deere & Company’s dividend payout ratio is presently 41.32%.

A number of equities analysts have weighed in on the company. ValuEngine lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Stifel Nicolaus reduced their price objective on Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 price objective on Deere & Company and gave the company a “hold” rating in a research note on Monday, August 13th. OTR Global lowered Deere & Company to a “$139.21” rating in a research note on Wednesday, July 18th. Finally, Citigroup reduced their price objective on Deere & Company from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $177.75.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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

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