Deere & Company (NYSE:DE) Experiences Heavier than Average Trading Volume


Gulf International Bank UK Ltd's holdings in Deere & were worth $10,243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. The value of the investment in DE went from $372,000 to $744,000 a change of $372,000 quarter over quarter. Vanguard Group Inc. increased its stake in shares of Deere & by 8.2% in the first quarter. RMB Capital Management raised its stake in stocks of Deere & by 0.6% in the Q1. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company's stock worth $46,498,000 after buying an additional 73,484 shares during the period. Kistler Tiffany Companies boosted its stake in Deere & by 0.4% in the Q1. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company's stock valued at $2,225,128,000 after buying an additional 1,541,004 shares during the last quarter. Finally, Burney Co. boosted its stake in Deere & by 1.8% in the first quarter. Deere's shares fell by as much as 3% in premarket trading.

Shares of Deere & Company (NYSE DE) opened at 117.31 on Friday. Deere & Company has a 52 week low of $76.94 and a 52 week high of $132.50. Company has a valuation of $39.77 B, a price to earnings ratio of 22.38 along with a stock beta of 0.67.

Company chares are trading at $117.31 which is quite a bit below $126.94, the stock's 50 day moving average and which is a tad above the 200 day moving average of $117.25. Analysts surveyed by Zacks Investment Research were looking for earnings of $1.93 per share.

Revenue rose to $7.81 billion from $6.72 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The company's for the quarter end, revenue was upwards of 2.2% compared with the same period in the prior year. Next quarter's EPS is forecasted to be $1.42 with next year's EPS anticipated to be $7.22.

On 2/22/2017 announced a quarterly dividend of $0.60 2.23% with an ex dividend date of 3/29/2017 which will be payable on 3/31/2017. Deere &'s yield ratio (DPR) is 43.24%.

WARNING: "Nuveen Asset Management LLC Sells 29,137 Shares of Deere & Company (DE)" was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was copied illegally and reposted in violation of worldwide trademark & copyright law. The shares were purchased at an average price of $125.00. On August 8, Jefferies' Stephen Volkmann reiterated a Hold rating on the stock and has a price target of $125. Finally, BidaskClub cut Deere & from a "buy" rating to a "hold" rating in a report on Friday. In a report issued on August 16, BMO analyst Joel Tiss maintained a Buy rating on DE, with a price target of $150, which implies an upside of 30% from current levels.

On June 1 the company was changed to a "Market Perform" according to a William Blair report which is up from the previous " rating. Deere & presently has a consensus rating of "Hold" and a consensus price target of $123.12.

In related news, insider Cory J. Reed sold 4,936 shares of the stock in a transaction on Friday, June 16th. These holdings make up 74.73% of the company's outstanding shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Max A. Guinn sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. The disclosure for this sale can be found here. Insiders sold a total of 118,524 shares of company stock worth $14,960,467 over the last ninety days. L P now owns 5,860,666 shares of the industrial products company's stock valued at $637,992,000 after buying an additional 26,303 shares during the last quarter.