Acropolis Investment Management LLC Has $1.13 Million Stock Position in Deere & Company (NYSE:DE)

Acropolis Investment Management LLC decreased its position in shares of Deere & Company (NYSE:DEGet Rating) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,775 shares of the industrial products company’s stock after selling 52 shares during the period. Acropolis Investment Management LLC’s holdings in Deere & Company were worth $1,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Deere & Company by 0.9% during the first quarter. Vanguard Group Inc. now owns 21,678,757 shares of the industrial products company’s stock valued at $9,006,656,000 after purchasing an additional 194,170 shares during the last quarter. BlackRock Inc. lifted its position in shares of Deere & Company by 4.0% in the first quarter. BlackRock Inc. now owns 18,243,075 shares of the industrial products company’s stock worth $7,579,271,000 after buying an additional 706,609 shares during the last quarter. State Street Corp lifted its position in shares of Deere & Company by 0.9% in the fourth quarter. State Street Corp now owns 11,613,684 shares of the industrial products company’s stock worth $3,994,236,000 after buying an additional 102,269 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Deere & Company by 3.9% in the first quarter. Wellington Management Group LLP now owns 6,344,147 shares of the industrial products company’s stock worth $2,635,740,000 after buying an additional 235,686 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in shares of Deere & Company by 1.2% in the first quarter. Parnassus Investments LLC now owns 3,606,635 shares of the industrial products company’s stock worth $1,498,413,000 after buying an additional 43,557 shares during the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DE shares. Argus boosted their price target on Deere & Company from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Morgan Stanley lifted their price objective on Deere & Company from $416.00 to $424.00 and gave the stock an “overweight” rating in a research note on Sunday, August 21st. Cowen dropped their price objective on Deere & Company from $396.00 to $342.00 in a research note on Thursday, July 7th. Citigroup lifted their price objective on Deere & Company from $340.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Finally, Jefferies Financial Group dropped their price objective on Deere & Company from $450.00 to $400.00 in a research note on Friday, July 15th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $407.68.

Deere & Company Trading Down 2.2 %

Shares of DE stock traded down $7.74 during trading hours on Friday, reaching $338.39. The company had a trading volume of 9,029 shares, compared to its average volume of 1,218,466. The company has a 50 day moving average of $351.72 and a 200 day moving average of $362.79. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.97 and a quick ratio of 1.68. The firm has a market cap of $102.13 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.21 and a beta of 1.06. Deere & Company has a 1-year low of $283.81 and a 1-year high of $446.76.

Deere & Company (NYSE:DEGet Rating) last released its quarterly earnings data on Friday, August 19th. The industrial products company reported $6.16 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.45). Deere & Company had a net margin of 12.75% and a return on equity of 33.26%. The firm had revenue of $13 billion during the quarter, compared to the consensus estimate of $12.84 billion. During the same quarter in the prior year, the company earned $5.32 EPS. Deere & Company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities research analysts anticipate that Deere & Company will post 22.94 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 8th. Investors of record on Friday, September 30th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, September 29th. Deere & Company’s dividend payout ratio is currently 22.59%.

Insider Activity at Deere & Company

In other Deere & Company news, CAO Marc A. Howze sold 4,019 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $373.22, for a total transaction of $1,499,971.18. Following the completion of the transaction, the chief accounting officer now owns 17,321 shares in the company, valued at approximately $6,464,543.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Deere & Company Company Profile

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Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.

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

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