Broderick Brian C Purchases 200 Shares of Deere & Company (NYSE:DE)

Broderick Brian C raised its position in Deere & Company (NYSE:DE) by 21.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,150 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. Broderick Brian C’s holdings in Deere & Company were worth $472,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its holdings in Deere & Company by 21.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock valued at $2,141,000 after buying an additional 939 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Deere & Company by 27.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,730 shares of the industrial products company’s stock valued at $710,000 after acquiring an additional 372 shares during the period. Summit Asset Management LLC lifted its position in shares of Deere & Company by 24.1% during the 4th quarter. Summit Asset Management LLC now owns 1,030 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 200 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Deere & Company by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,773 shares of the industrial products company’s stock valued at $628,105,000 after acquiring an additional 31,074 shares during the period. Finally, Brevan Howard Capital Management LP lifted its position in shares of Deere & Company by 857.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,654 shares of the industrial products company’s stock valued at $3,061,000 after acquiring an additional 6,855 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DE shares. Oppenheimer restated an “outperform” rating and set a $456.00 price objective on shares of Deere & Company in a research report on Thursday, May 16th. Morgan Stanley upped their price objective on Deere & Company from $430.00 to $450.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Thursday. DA Davidson dropped their price objective 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, Citigroup started coverage on Deere & Company in a research report on Wednesday, June 26th. They set a “neutral” rating and a $395.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $427.13.

Deere & Company Trading Up 2.9 %

Shares of DE stock traded up $10.08 on Thursday, hitting $361.61. The company had a trading volume of 1,765,279 shares, compared to its average volume of 1,515,736. The firm has a market cap of $99.65 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.43 and a beta of 0.93. The stock’s 50-day moving average is $378.79 and its two-hundred day moving average is $385.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.80 and a current ratio of 2.01. Deere & Company has a twelve month low of $345.93 and a twelve month high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, beating the consensus estimate of $7.86 by $0.67. The company had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.65 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 25.56 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 Thursday, August 8th. Investors of record on Friday, June 28th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 annualized dividend and a yield of 1.63%. Deere & Company’s dividend payout ratio is currently 17.70%.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Deere & Company 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.