The Culbertson A N & Co. Inc. Boosts Position in Deere & Company (DE)

The Culbertson A N & Co. Inc. Boosts Position in Deere & Company (DE)

Culbertson A N & Co. Inc. increased its holdings in Deere & Company (NYSE:DE) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,524 shares of the industrial products company’s stock after buying an additional 510 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Deere & were worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Deere & by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after buying an additional 1,153,484 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Deere & by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after buying an additional 409,861 shares during the last quarter. State Street Corp boosted its holdings in shares of Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock worth $1,335,500,000 after buying an additional 45,695 shares during the last quarter. Capital International Investors boosted its holdings in shares of Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock worth $804,193,000 after buying an additional 820,991 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock worth $637,992,000 after buying an additional 26,303 shares during the last quarter. 66.17% of the stock is currently owned by institutional investors.

Shares of Deere & Company (NYSE DE) traded up 0.49% during midday trading on Friday, reaching $129.15. 1,384,854 shares of the company traded hands. Deere & Company has a 1-year low of $85.62 and a 1-year high of $132.50. The stock has a 50 day moving average price of $123.72 and a 200 day moving average price of $121.28. The firm has a market capitalization of $41.50 billion, a PE ratio of 21.45 and a beta of 0.69.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Analysts expect that Deere & Company will post $6.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be issued a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.86%. Deere &’s payout ratio is currently 40.20%.

In other Deere & news, insider Jean H. Gilles sold 8,015 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.99, for a total value of $1,041,869.85. Following the transaction, the insider now owns 70,635 shares in the company, valued at approximately $9,181,843.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. Insiders sold a total of 116,023 shares of company stock worth $14,185,962 in the last 90 days. 0.85% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Deere & in a report on Tuesday, August 8th. They set a “buy” rating on the stock. Credit Suisse Group set a $148.00 price target on shares of Deere & and gave the company a “buy” rating in a report on Friday, August 18th. Argus reaffirmed a “buy” rating and set a $140.00 price target on shares of Deere & in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 price target on shares of Deere & and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. Deere & has an average rating of “Hold” and an average price target of $127.97.

Deere & Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Related posts

Leave a Comment