Deere Company Stake Acquired By State Street

19 August, 2017, 07:23 | Author: Leticia Walters
  • A man works on a customer's John Deere lawn tractor at the Buck Bros. dealership in Hampshire Illinois

Acropolis Investment Management LLC reduced its position in Deere & Company (NYSE:DE) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. First Financial Bank N.A. Trust Division now owns 9,663 shares of the industrial products company's stock valued at $1,052,000 after buying an additional 75 shares in the last quarter. State Street held 3.85% of Deere & valued $1,335,500,000 during the latest fiscal quarter.

In trading Friday, Deere shares fell 5.5% to $117.09. 2,376,807 stocks of the company were exchanged. The stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 20.99 and a beta of 0.67. Deere & Company has a 52-week low of $76.94 and a 52-week high of $132.50. Deere & also was the recipient of unusually big options trading on early Monday.

These funds have also shifted positions in (DE). RMB Capital Management LLC now owns 3,329 shares of the industrial products company's stock worth $362,000 after buying an additional 19 shares in the last quarter. Guardian Life Insurance of America has an ownership of 1,132 stocks of the industrial products firms shares valued at $123,000 after scooping up an extra 16 stocks in the previous period. Kistler Tiffany Companies LLC raised its position in Deere & by 0.4% in the first quarter.

Deere & (NYSE:DE) last released its quarterly earnings data on Friday, August 18th. During the same quarter in the prior year, the business posted $1.55 earnings per share. Equipment sales are expected to climb 24% in the fourth quarter and rise 10% for the fiscal year.

Financial Services: John Deere Capital Corp., or JDCC, reported net income of $88.3 million for the third quarter and $227.0 million year to date, compared with $90.4 million and $259.9 million for the respective periods last year. Stock analysts expect that Deere & business will report $6.42 EPS for the full year. The ex-dividend date was set for Wednesday the 28th of June 2017.

On 5/31/2017 announced a quarterly dividend of $0.60 1.92% with an ex dividend date of 6/28/2017 which will be payable on 6/30/2017. Deere &'s dividend payout ratio (DPR) is 43.24%.

Many analysts quite recently weighed in on DE. Finally, Stifel Nicolaus upped their price objective on Deere & from $126.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, May 22nd. Credit Suisse Group fixed a $132.00 target price on stock of Deere & and issued the company a "buy" recommendation in a analysis report on Saturday, May 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. On August 8, Jefferies' Stephen Volkmann reiterated a Hold rating on the stock and has a price target of $125. Shares saw a steep increase in trading volume of 237.36% over the normal average daily volume. Parallel Advisors LLC now owns 1,504 shares of the industrial products company's stock worth $167,000 after buying an additional 193 shares during the last quarter. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also Executive Max A. Guinn unloaded 5,000 stocks of Deere & shares in a trade on early Tue, Aug 8th. Institutional investors own 67.91% of the company's stock.

Deere's financial services section registered $131.2 million in net income in Q3/17, which was up from the $125.9 million recorded in Q3/16.

The company said Friday that the farm and construction equipment market grew stronger during the quarter on increased demand in South America, helping boost farm machinery and construction equipment sales.

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