Clarius Group LLC Sells 65 Shares of Deere & Company (NYSE:DE)

Clarius Group LLC reduced its stake in Deere & Company (NYSE:DE) by 3.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,616 shares of the industrial products company’s stock after selling 65 shares during the period. Clarius Group LLC’s holdings in Deere & Company were worth $604,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. WBH Advisory Inc. lifted its holdings in shares of Deere & Company by 0.9% during the 2nd quarter. WBH Advisory Inc. now owns 3,089 shares of the industrial products company’s stock worth $1,154,000 after acquiring an additional 28 shares during the last quarter. CX Institutional lifted its position in Deere & Company by 3.5% in the 2nd quarter. CX Institutional now owns 17,344 shares of the industrial products company’s stock worth $6,480,000 after buying an additional 583 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Deere & Company by 1.3% in the second quarter. Wesbanco Bank Inc. now owns 19,058 shares of the industrial products company’s stock worth $7,121,000 after buying an additional 248 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its position in Deere & Company by 6.3% during the second quarter. Kohmann Bosshard Financial Services LLC now owns 850 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 50 shares during the last quarter. Finally, Legacy Financial Strategies LLC grew its position in Deere & Company by 11.0% during the second quarter. Legacy Financial Strategies LLC now owns 577 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DE. Morgan Stanley upped their price target on shares of Deere & Company from $430.00 to $450.00 in a report on Wednesday, May 15th. Citigroup initiated coverage on Deere & Company in a report on Wednesday, June 26th. They issued a “neutral” rating and a $395.00 price objective for the company. DA Davidson dropped their price target on Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Daiwa Capital Markets lifted their target price on shares of Deere & Company from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus boosted their price target on shares of Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $424.78.

Deere & Company Stock Down 0.8 %

Shares of DE traded down $2.84 during mid-day trading on Friday, hitting $346.30. 167,630 shares of the company traded hands, compared to its average volume of 1,523,701. The company has a market capitalization of $95.43 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average of $369.03 and a 200 day moving average of $381.96. Deere & Company has a 1-year low of $340.20 and a 1-year high of $441.46.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. Deere & Company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.65 EPS. Equities research analysts anticipate that Deere & Company will post 25.41 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 28th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.70%. Deere & Company’s dividend payout ratio is currently 17.70%.

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.