SignalPoint Asset Management LLC increased its holdings in shares of Deere & Company (NYSE:DE – Free Report) by 20.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 764 shares of the industrial products company’s stock after purchasing an additional 132 shares during the period. SignalPoint Asset Management LLC’s holdings in Deere & Company were worth $310,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DE. University of Texas Texas AM Investment Managment Co. raised its holdings in Deere & Company by 1,475.0% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 63 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Lansing Street Advisors lifted its holdings in shares of Deere & Company by 1,725.0% during the 1st quarter. Lansing Street Advisors now owns 73 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 69 shares during the period. Barrett & Company Inc. bought a new stake in Deere & Company in the first quarter valued at about $31,000. Worth Asset Management LLC acquired a new position in Deere & Company in the first quarter worth about $28,000. Finally, 25 LLC bought a new position in Deere & Company during the first quarter worth about $34,000. Institutional investors and hedge funds own 66.27% of the company’s stock.
Insider Activity at Deere & Company
In related news, insider Cory J. Reed sold 4,680 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $449.75, for a total value of $2,104,830.00. Following the sale, the insider now directly owns 36,563 shares in the company, valued at approximately $16,444,209.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Cory J. Reed sold 4,680 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $449.75, for a total transaction of $2,104,830.00. Following the sale, the insider now owns 36,563 shares of the company’s stock, valued at approximately $16,444,209.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. May II sold 52,967 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the sale, the chief executive officer now owns 109,126 shares in the company, valued at $45,398,598.52. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Deere & Company Trading Down 2.7 %
Deere & Company stock traded down $10.91 during trading hours on Tuesday, reaching $399.93. 509,422 shares of the company’s stock traded hands, compared to its average volume of 1,593,808. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.74 and a current ratio of 1.98. Deere & Company has a fifty-two week low of $328.62 and a fifty-two week high of $450.00. The firm has a market capitalization of $115.18 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.93 and a beta of 1.07. The firm’s 50 day moving average is $417.81 and its 200-day moving average is $398.87.
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $10.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.22 by $1.98. The company had revenue of $14.28 billion for the quarter, compared to the consensus estimate of $14.14 billion. Deere & Company had a return on equity of 46.15% and a net margin of 16.36%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.16 EPS. On average, analysts predict that Deere & Company will post 33.9 earnings per share for the current year.
Deere & Company Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Friday, September 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.25. The ex-dividend date is Thursday, September 28th. Deere & Company’s dividend payout ratio (DPR) is currently 14.78%.
Deere & Company Company Profile
Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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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