Trading Report: Today: Homrich & Berg Buys 51 Shares of Deere & Company (DE)

Today: Homrich & Berg Buys 51 Shares of Deere & Company (DE)

Homrich & Berg boosted its position in Deere & Company (NYSE:DE) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,979 shares of the company’s stock after buying an additional 51 shares during the period. Homrich & Berg’s holdings in Deere & Company were worth $254,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Hartford Financial Management Inc. increased its stake in Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares during the last quarter. Jolley Asset Management LLC increased its stake in Deere & Company by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares in the last quarter. CWM LLC increased its stake in Deere & Company by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares in the last quarter. Washington Trust Bank increased its stake in Deere & Company by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in Deere & Company by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 71.68% of the company’s stock.

Shares of Deere & Company (NYSE:DE) traded down 1.4452% during trading on Monday, reaching $102.4182. 2,401,143 shares of the company were exchanged. The stock has a market capitalization of $32.20 billion, a P/E ratio of 20.5247 and a beta of 0.71. The stock has a 50-day moving average of $89.32 and a 200 day moving average of $84.18. Deere & Company has a 52-week low of $70.16 and a 52-week high of $104.83.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.40 by $0.50. The firm earned $6.52 billion during the quarter. Deere & Company had a return on equity of 21.54% and a net margin of 5.72%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. On average, equities analysts anticipate that Deere & Company will post $4.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, September 30th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.40 annualized dividend and a yield of 2.31%. Deere & Company’s dividend payout ratio (DPR) is currently 49.90%.

Several equities research analysts have issued reports on the stock. Wells Fargo & Co. reiterated an “outperform” rating and set a $121.50 price objective (up from $101.50) on shares of Deere & Company in a research note on Monday. Piper Jaffray Cos. upgraded shares of Deere & Company from an “underweight” rating to a “neutral” rating in a research note on Monday. Jefferies Group reiterated a “hold” rating and set a $95.00 price objective (up from $85.00) on shares of Deere & Company in a research note on Monday. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research note on Monday, September 12th. Finally, Longbow Research upgraded shares of Deere & Company from an “underperform” rating to a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Deere & Company currently has a consensus rating of “Hold” and an average target price of $88.74.

In other Deere & Company news, insider John C. May II sold 18,614 shares of Deere & Company stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the completion of the transaction, the insider now directly owns 28,926 shares of the company’s stock, valued at $2,790,201.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Deere & Company Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

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