Investec Asset Management Ltd reports that it sold 155,763 shares during the last quarter decreasing its holdings in Deere & Company by 22.5%. As of quarter end Amalgamated Bank had acquired 15,045 shares growing its position 68.0%. Packer & Co Ltd owned 0.05% of Deere & worth $18,592,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Deere & by 5.7% in the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company's stock valued at $220,000 after buying an additional 8 shares during the period. Burney Co. increased its position in shares of Deere & by 1.8% in the first quarter. The value of the investment in (DE) increased from $1,201,000 to $1,501,000 increasing 25.0% quarter to quarter. Legacy Capital Partners Inc. raised its stake in shares of Deere & by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company's stock valued at $220,000 after buying an additional 8 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Deere & by 34.1% in the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company's stock valued at $153,000 after buying an additional 30 shares during the period.
Shares of Deere & Company (NYSE DE) opened at 127.78 on Friday. Ferguson Wellman Capital Mgmt has 0.01% invested in Deere & Company (NYSE:DE). The company has a market cap of $40.87 billion, a price-to-earnings ratio of 23.00 and a beta of 0.67. The stock's 50 day moving average is $126.59 and its 200 day moving average is $116.50. Deere & also was the recipient of unusually large options trading on Monday.
Deere & (DE) traded down 0.62% during midday trading on Friday, reaching $126.99. The value of the investment in DE went from $2,410,000 to $4,596,000 a change of 90.7% since the last quarter. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.70 by $0.79. Next quarter's EPS is forecasted to be $1.41 and the next full year EPS is anticipated to be $7.17. Deere & had a return on equity of 24.85% and a net margin of 6.52%. During the same period previous year, the firm posted $1.56 earnings per share. Equities analysts expect that Deere & Company will post $6.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday the 28th of June 2017. This dividend represents a yield of $1.85. Deere &'s dividend payout ratio (DPR) is 43.24%.
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More news for Deere & Company (NYSE:DE) were recently published by: Nasdaq.com, which released: "YieldBoost Deere & Co". Credit Suisse Group set a $132.00 target price on shares of Deere & and gave the stock a "buy" rating in a research note on Saturday, May 20th. Jefferies Group LLC reissued a "hold" rating and issued a $125.00 price target on shares of Deere & in a report on Wednesday. Finally, MCF Advisors LLC raised its stake in shares of Deere & by 26.2% in the first quarter. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. Deere & presently has a consensus rating of "Hold" and a consensus price target of $122.60. $792,135 worth of Deere & Company (NYSE:DE) shares were sold by Howze Marc A. Company insiders own 0.75% of the company's stock. The transaction related to this sale was declared in a transaction filed with the SEC which is accessible through this link.
In related news, insider Cory J. Reed sold 5,840 shares of the company's stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $698,405.60. Following the sale, the vice president now owns 9,004 shares in the company, valued at $1,076,788.36. The disclosure for this sale can be found here. The Pres., John Deere Financial now owns $635,776 of the stock per an SEC filing yesterday. Another trade for 70,627 shares valued at $9.56M was sold by FEDERIGHI CRAIG.
Deere & Company is engaged in equipment operations. The Firm is engaged in providing financial services. The corporation operates through around three firm segments: agriculture and turf, construction and forestry, and financial services.