Deere & Company (NYSE:DE) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its holdings in Deere & Company (NYSE:DE - Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,100 shares of the industrial products company's stock after selling 2,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Deere & Company were worth $39,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tompkins Financial Corp lifted its stake in shares of Deere & Company by 2.6% in the 1st quarter. Tompkins Financial Corp now owns 981 shares of the industrial products company's stock valued at $403,000 after purchasing an additional 25 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Deere & Company by 0.7% in the 1st quarter. Global Retirement Partners LLC now owns 3,768 shares of the industrial products company's stock valued at $1,548,000 after purchasing an additional 26 shares in the last quarter. Blue Chip Partners LLC lifted its stake in shares of Deere & Company by 2.3% in the 4th quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company's stock valued at $489,000 after purchasing an additional 27 shares in the last quarter. Field & Main Bank lifted its stake in shares of Deere & Company by 0.7% in the 1st quarter. Field & Main Bank now owns 4,050 shares of the industrial products company's stock valued at $1,663,000 after purchasing an additional 27 shares in the last quarter. Finally, Range Financial Group LLC lifted its stake in shares of Deere & Company by 5.2% in the 1st quarter. Range Financial Group LLC now owns 548 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 27 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Hsbc Global Res lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. reduced their price target on Deere & Company from $375.00 to $360.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets assumed coverage on Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 price target on the stock. Finally, Evercore ISI boosted their price target on Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a research report on Monday, August 19th. Fourteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $415.50.

Deere & Company Stock Performance

DE stock traded up $4.59 during trading on Friday, reaching $381.18. 1,197,519 shares of the company's stock were exchanged, compared to its average volume of 1,540,044. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. Deere & Company has a 1-year low of $340.20 and a 1-year high of $423.35. The company's fifty day moving average price is $367.88 and its 200-day moving average price is $379.93. The firm has a market cap of $105.04 billion, a PE ratio of 11.47, a P/E/G ratio of 1.59 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the firm posted $10.20 EPS. The firm's quarterly revenue was down 20.3% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 25.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, June 28th were issued a $1.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.88 annualized dividend and a dividend yield of 1.54%. Deere & Company's dividend payout ratio (DPR) is 17.70%.

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the business's stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares of the company's stock, valued at $15,725,268.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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