Shelter Ins Retirement Plan held its position in shares of Deere & Co. (NYSE:DE) during the second quarter, Holdings Channel reports. The institutional investor owned 54,300 shares of the company’s stock at the end of the second quarter. Deere & Co. makes up 2.0% of Shelter Ins Retirement Plan’s portfolio, making the stock its 22nd largest position. Shelter Ins Retirement Plan’s holdings in Deere & Co. were worth $4,400,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of DE. Virginia Retirement System bought a new stake in shares of Deere & Co. during the first quarter valued at about $14,732,000. Outfitter Advisors LTD. boosted its stake in shares of Deere & Co. by 0.9% in the first quarter. Outfitter Advisors LTD. now owns 11,710 shares of the company’s stock worth $902,000 after buying an additional 100 shares during the period. IFP Advisors Inc boosted its stake in shares of Deere & Co. by 8.5% in the first quarter. IFP Advisors Inc now owns 14,883 shares of the company’s stock worth $1,146,000 after buying an additional 1,167 shares during the period. Hyman Charles D acquired a new stake in shares of Deere & Co. during the first quarter worth $8,580,000. Finally, Exane Derivatives boosted its stake in shares of Deere & Co. by 4.6% in the first quarter. Exane Derivatives now owns 1,909 shares of the company’s stock worth $147,000 after buying an additional 84 shares during the period. Institutional investors own 70.62% of the company’s stock.
Deere & Co. (NYSE:DE) traded up 1.78% on Friday, hitting $85.35. 3,157,773 shares of the stock traded hands. The stock has a 50-day moving average price of $83.08 and a 200 day moving average price of $81.80. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $88.63. The stock has a market cap of $26.84 billion, a P/E ratio of 17.10 and a beta of 1.05.
Deere & Co. (NYSE:DE) last posted its quarterly earnings results on Friday, August 19th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.61. The company had revenue of $6.72 billion for the quarter. Deere & Co. had a net margin of 5.92% and a return on equity of 22.73%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, equities analysts expect that Deere & Co. will post $4.30 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th will be given a $0.60 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $2.40 annualized dividend and a yield of 2.81%. Deere & Co.’s dividend payout ratio is 48.10%.
DE has been the subject of a number of research reports. Goldman Sachs Group Inc. raised shares of Deere & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $87.00 to $105.00 in a research report on Thursday, June 2nd. Vetr cut shares of Deere & Co. from a “hold” rating to a “sell” rating and set a $83.39 price target for the company. in a research report on Monday, June 6th. Morgan Stanley reaffirmed a “sell” rating on shares of Deere & Co. in a research report on Thursday, June 30th. Piper Jaffray Cos. cut shares of Deere & Co. from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $77.64 to $67.00 in a research report on Monday, July 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 price target on shares of Deere & Co. in a research report on Thursday, August 18th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.40.
About Deere & Co.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Co. (NYSE:DE).
Receive News & Ratings for Deere & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Co. and related companies with MarketBeat.com's FREE daily email newsletter.