Sumitomo Mitsui Trust Holdings Inc. Has $106.79 Million Position in Deere & Company (DE)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Deere & Company (NYSE:DE) by 15.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 864,031 shares of the industrial products company’s stock after acquiring an additional 114,466 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Deere & worth $106,786,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. BlackRock Inc. raised its holdings in Deere & by 2,432.6% during the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after acquiring an additional 16,055,453 shares in the last quarter. Vanguard Group Inc. increased its position in Deere & by 8.2% during the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after buying an additional 1,541,004 shares during the last quarter. SG Americas Securities LLC increased its position in Deere & by 107.6% during the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after buying an additional 631,378 shares during the last quarter. Bank of New York Mellon Corp increased its position in Deere & by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 2,987,763 shares of the industrial products company’s stock worth $369,258,000 after buying an additional 415,714 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Deere & by 5.1% during the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock worth $724,205,000 after buying an additional 322,158 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

Shares of Deere & Company (NYSE:DE) opened at 117.26 on Wednesday. The company has a market capitalization of $37.62 billion, a PE ratio of 19.48 and a beta of 0.70. Deere & Company has a 1-year low of $80.35 and a 1-year high of $132.50. The firm’s 50-day moving average price is $122.92 and its 200 day moving average price is $118.18.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.05%. Deere &’s dividend payout ratio (DPR) is currently 40.20%.

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In other news, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the completion of the transaction, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Max A. Guinn sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 76,769 shares of company stock valued at $9,357,212 over the last 90 days. Company insiders own 0.75% of the company’s stock.

A number of equities analysts have weighed in on DE shares. Credit Suisse Group set a $132.00 price target on Deere & and gave the stock a “buy” rating in a research report on Saturday, May 20th. Barclays PLC boosted their price target on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a research report on Monday, May 22nd. Stifel Nicolaus boosted their price target on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Deutsche Bank AG boosted their price target on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Robert W. Baird boosted their price target on Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, May 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Deere & has an average rating of “Hold” and an average price target of $127.58.

About Deere &

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.

Institutional Ownership by Quarter for Deere & (NYSE:DE)

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