Deere & Company (NYSE:DE) Position Decreased by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. reduced its position in shares of Deere & Company (NYSE:DE) by 22.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,149 shares of the industrial products company’s stock after selling 4,570 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Deere & were worth $1,759,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DE. Geode Capital Management LLC increased its stake in shares of Deere & by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock valued at $303,767,000 after buying an additional 282,029 shares during the last quarter. Azimuth Capital Management LLC increased its stake in Deere & by 3.3% in the first quarter. Azimuth Capital Management LLC now owns 6,882 shares of the industrial products company’s stock worth $749,000 after buying an additional 223 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Deere & by 20.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,186 shares of the industrial products company’s stock worth $4,266,000 after buying an additional 6,650 shares in the last quarter. Vanguard Group Inc. increased its stake in Deere & by 8.2% in 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 in the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in Deere & by 1.4% in the first 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. 67.33% of the stock is currently owned by institutional investors.

Shares of Deere & Company (NYSE:DE) opened at 126.55 on Tuesday. Deere & Company has a 52 week low of $76.73 and a 52 week high of $129.00. The firm has a market cap of $40.48 billion, a PE ratio of 22.78 and a beta of 0.66. The firm has a 50-day moving average price of $125.38 and a 200-day moving average price of $114.48. Deere & also was the recipient of unusually large options trading on Monday. Investors purchased 731 call options on the stock. This is an increase of approximately 255% compared to the typical volume of 206 call options.

Deere & (NYSE:DE) last announced its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post $6.30 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, June 28th. Deere &’s dividend payout ratio is currently 43.24%.

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DE has been the topic of a number of recent research reports. Credit Suisse Group set a $132.00 price target on shares of Deere & and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Stifel Nicolaus initiated coverage on shares of Deere & in a research note on Monday, April 10th. They issued a “buy” rating and a $126.00 target price on the stock. Citigroup Inc. restated a “positive” rating on shares of Deere & in a research note on Tuesday, March 28th. BMO Capital Markets restated a “buy” rating and issued a $128.00 target price on shares of Deere & in a research note on Thursday, April 20th. Finally, Vetr upgraded shares of Deere & from a “hold” rating to a “buy” rating and set a $118.76 target price on the stock in a research note on Monday, March 27th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $122.24.

In other news, insider Cory J. Reed sold 5,601 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $688,923.00. Following the completion of the transaction, the insider now owns 10,568 shares of the company’s stock, valued at approximately $1,299,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Marc A. Howze sold 6,624 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $792,164.16. Following the completion of the transaction, the vice president now directly owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. Insiders sold a total of 105,612 shares of company stock valued at $13,149,023 in the last three months. Corporate insiders own 0.75% of the company’s stock.

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.

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




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