Charles Schwab Investment Management Inc. lessened its stake in shares of Deere & Company (NYSE:DE) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,485,227 shares of the industrial products company’s stock after selling 18,573 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.47% of Deere & Company worth $233,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital Advisory Group Advisory Services LLC bought a new position in Deere & Company in the 1st quarter worth approximately $28,000. CX Institutional lifted its position in Deere & Company by 662.5% in the second quarter. CX Institutional now owns 183 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 159 shares during the period. TCTC Holdings LLC acquired a new stake in Deere & Company in the second quarter worth approximately $47,000. Baystate Wealth Management LLC lifted its position in Deere & Company by 32.6% in the second quarter. Baystate Wealth Management LLC now owns 321 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 79 shares during the period. Finally, Vectors Research Management LLC acquired a new stake in Deere & Company in the first quarter worth approximately $53,000. Institutional investors own 67.77% of the company’s stock.

Shares of DE traded up $0.83 during mid-day trading on Wednesday, reaching $216.60. The company’s stock had a trading volume of 29,693 shares, compared to its average volume of 1,843,416. Deere & Company has a 1 year low of $106.14 and a 1 year high of $220.96. The company has a quick ratio of 2.03, a current ratio of 2.26 and a debt-to-equity ratio of 2.64. The company has a market cap of $67.62 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 3.56 and a beta of 0.99. The business has a fifty day moving average of $197.76 and a 200 day moving average of $160.29.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Friday, August 21st. The industrial products company reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $1.31. Deere & Company had a net margin of 7.61% and a return on equity of 22.24%. The business had revenue of $7.86 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the prior year, the business posted $2.71 earnings per share. Deere & Company’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, analysts predict that Deere & Company will post 7.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, September 29th. Deere & Company’s dividend payout ratio (DPR) is presently 30.58%.

DE has been the subject of a number of research analyst reports. BofA Securities upgraded Deere & Company from a “neutral” rating to a “buy” rating and set a $234.00 target price for the company in a research report on Monday, August 24th. Bank of America upgraded Deere & Company from a “neutral” rating to a “buy” rating and set a $234.00 price objective for the company in a research report on Monday, August 24th. Citigroup increased their price objective on Deere & Company from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Credit Suisse Group increased their price objective on Deere & Company from $179.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Finally, William Blair upgraded Deere & Company from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $208.88.

In other Deere & Company news, CAO Marc A. Howze sold 7,996 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $208.17, for a total transaction of $1,664,527.32. Following the transaction, the chief accounting officer now directly owns 22,440 shares of the company’s stock, valued at $4,671,334.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rajesh Kalathur sold 10,760 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $180.00, for a total transaction of $1,936,800.00. Following the transaction, the insider now directly owns 62,131 shares in the company, valued at $11,183,580. The disclosure for this sale can be found here. Insiders sold 36,047 shares of company stock worth $6,726,372 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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