102,350 Shares in Deere & Company (NYSE:DE) Bought by Triodos Investment Management BV

Triodos Investment Management BV purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 102,350 shares of the industrial products company's stock, valued at approximately $38,241,000. Deere & Company comprises approximately 3.3% of Triodos Investment Management BV's portfolio, making the stock its 10th biggest holding.

Other large investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its position in shares of Deere & Company by 27.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,730 shares of the industrial products company's stock worth $710,000 after buying an additional 372 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Deere & Company by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,773 shares of the industrial products company's stock worth $628,105,000 after purchasing an additional 31,074 shares during the period. Brevan Howard Capital Management LP raised its holdings in Deere & Company by 857.9% in the fourth quarter. Brevan Howard Capital Management LP now owns 7,654 shares of the industrial products company's stock worth $3,061,000 after purchasing an additional 6,855 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in Deere & Company during the first quarter valued at $2,783,000. Finally, Oxford Financial Group LTD. LLC boosted its holdings in shares of Deere & Company by 2.9% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 1,827 shares of the industrial products company's stock valued at $731,000 after buying an additional 51 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 41,642 shares of the company's stock, valued at approximately $15,725,268.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Deere & Company Stock Up 1.0 %

Shares of DE stock traded up $3.92 during mid-day trading on Friday, hitting $385.74. The stock had a trading volume of 1,413,160 shares, compared to its average volume of 1,615,005. Deere & Company has a 12-month low of $340.20 and a 12-month high of $423.35. The firm has a market capitalization of $106.30 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.93. The firm's 50-day moving average is $367.94 and its two-hundred day moving average is $379.81. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business's revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $10.20 EPS. On average, analysts predict that Deere & Company will post 25.09 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company's dividend payout ratio is currently 17.70%.

Analyst Ratings Changes

Several research firms have recently issued reports on DE. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Oppenheimer cut their target price on Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. DA Davidson lowered their price target on Deere & Company from $483.00 to $465.00 and set a "buy" rating for the company in a research report on Monday, May 20th. Finally, BMO Capital Markets began coverage on shares of Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective on the stock. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $414.11.

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.