NEXT Financial Group Inc's holdings in Deere & were worth $573,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of DE. The investment company owned 12,267,999 stocks of the industrial products firms shares after scooping up an extra 45,695 shares through out the quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company's stock worth $123,000 after buying an additional 16 shares in the last quarter. Teachers Advisors LLC now owns 591,957 shares of the industrial products company's stock valued at $60,995,000 after buying an additional 13,994 shares in the last quarter. Kistler Tiffany Companies boosted its stake in Deere & by 0.4% in the Q1. RMB Capital Management has an ownership of 3,329 stocks of the industrial products firms shares valued at $362,000 after scooping up an extra 19 stocks in the previous period. Finally, Legacy Capital Partners Inc. raised its position in Deere & by 0.4% in the first quarter.
Deere & Company (NYSE DE) declined 1.82% throughout intraday market trading on Early Thur, reaching $124.33.
In other news, CEO Samuel R. Allen sold 62,704 shares of the business's stock in a transaction dated Thursday, June 1st. The firm's 50 day moving average price is $126.94 and its 200 day moving average price is $117.25. Deere & Company has a 52-week low of $76.94 and a 52-week high of $132.50. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The company had revenue of $6.83 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share.
There was an 11% increase in equipment net sales in the U.S.in Canada during Q3/17, but sales have been mainly flat during the first nine months, falling just 1% below the results of a year ago. Stock analysts expect that Deere & business will report $6.42 EPS for the full year. Stockholders of record on Friday, June 30th were given a $0.60 dividend.
On 12/7/2016 announced a quarterly dividend of $0.60 with an ex dividend date of 12/28/2016 which will be payable on 12/30/2016. With the last close up -2.36% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same time period. Deere &'s payout ratio is 43.24%.
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On the ratings front, DE has been the subject of a number of recent research reports. On August 8, Jefferies' Stephen Volkmann reiterated a Hold rating on the stock and has a price target of $125. On June 1 the stock rating was upgraded from " to "Market Perform" in a report issued by William Blair. The stock presently has a consensus rating of "Hold" and a consensus price target of $123.26. Insiders sold a total of 118,524 shares of company stock valued at $14,960,467 in the last 90 days. Following the completion of the sale, the insider now owns 10,568 shares of the company's stock, valued at $1,299,864.
On 8/4/2017 Jean H Gilles, Insider, sold 12,361 with an average share price of $129.90 per share and the total transaction amounting to $1,605,693.90. Reed now owns $635,776 of the stock per the Form 4 SEC filing.
Deere & Company, launched on April 25, 1958, is involved in equipment operations.
Fiscal-year 2017 net income for the financial services operations is expected to be approximately $475 million.
Tractor and farm and construction equipment manufacturer Deere and Company has reported rising profitability and sales from its financial year to date, and anticipates a further increase in the final quarter.