Raymond James Trust N.A. boosted its holdings in shares of Deere & Company (NYSE:DE) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,847 shares of the industrial products company’s stock after buying an additional 492 shares during the period. Raymond James Trust N.A.’s holdings in Deere & Company were worth $2,460,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Deere & Company by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,123,218 shares of the industrial products company’s stock worth $167,531,000 after purchasing an additional 49,932 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Deere & Company by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,655,571 shares of the industrial products company’s stock worth $544,229,000 after purchasing an additional 244,266 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Deere & Company by 3.9% during the 4th quarter. Nuveen Asset Management LLC now owns 15,211 shares of the industrial products company’s stock worth $2,269,000 after purchasing an additional 566 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Deere & Company by 1.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,986 shares of the industrial products company’s stock worth $2,386,000 after purchasing an additional 250 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its position in shares of Deere & Company by 9.9% during the 4th quarter. First Allied Advisory Services Inc. now owns 10,528 shares of the industrial products company’s stock worth $1,561,000 after purchasing an additional 950 shares during the last quarter. 68.01% of the stock is owned by institutional investors.

Shares of NYSE DE opened at $170.39 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 2.37. The firm has a fifty day moving average price of $161.48. Deere & Company has a one year low of $128.32 and a one year high of $170.99. The firm has a market cap of $52.91 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, May 17th. The industrial products company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.57 by ($0.05). Deere & Company had a net margin of 8.52% and a return on equity of 28.76%. The firm had revenue of $10.27 billion during the quarter, compared to analyst estimates of $10.19 billion. During the same period in the prior year, the company earned $3.14 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 10.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, June 27th. Deere & Company’s dividend payout ratio is 32.37%.

In other Deere & Company news, COO John C. May II sold 16,468 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $163.21, for a total value of $2,687,742.28. Following the transaction, the chief operating officer now directly owns 60,550 shares of the company’s stock, valued at approximately $9,882,365.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

A number of research analysts recently weighed in on the company. Deutsche Bank set a $8.00 target price on YRC Worldwide and gave the stock a “buy” rating in a report on Monday, May 20th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Morgan Stanley reissued a “hold” rating on shares of PG&E in a report on Friday, June 21st. Macquarie set a $132.00 target price on Deere & Company and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the stock a “buy” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $168.61.

Deere & Company Company Profile

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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