John Deere (DE) Position Trimmed by Colonial Trust Advisors

Colonial Trust Advisors trimmed its position in shares of John Deere (NYSE:DE) by 10.8% in the first quarter, HoldingsChannel reports. The firm owned 26,415 shares of the industrial products company’s stock after selling 3,195 shares during the period. Colonial Trust Advisors’ holdings in John Deere were worth $4,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in John Deere by 5.5% during the 1st quarter. BlackRock Inc. now owns 18,857,199 shares of the industrial products company’s stock valued at $2,928,897,000 after acquiring an additional 978,907 shares during the last quarter. Lazard Asset Management LLC boosted its stake in John Deere by 11.4% during the 4th quarter. Lazard Asset Management LLC now owns 2,740,365 shares of the industrial products company’s stock valued at $428,894,000 after acquiring an additional 280,750 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in John Deere by 27.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,392,357 shares of the industrial products company’s stock valued at $217,918,000 after acquiring an additional 296,148 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in John Deere by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,315,073 shares of the industrial products company’s stock valued at $204,258,000 after acquiring an additional 46,396 shares during the last quarter. Finally, Swiss National Bank boosted its stake in John Deere by 1.0% during the 4th quarter. Swiss National Bank now owns 1,006,319 shares of the industrial products company’s stock valued at $157,499,000 after acquiring an additional 9,600 shares during the last quarter. 66.18% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have commented on DE. TheStreet downgraded shares of John Deere from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Bank of America upgraded shares of John Deere from a “neutral” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Thursday, May 3rd. ValuEngine upgraded shares of John Deere from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price objective (up from $190.00) on shares of John Deere in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $200.00 price objective on shares of John Deere in a research note on Wednesday, April 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $175.17.

Shares of NYSE:DE opened at $155.09 on Wednesday. The stock has a market capitalization of $51.27 billion, a P/E ratio of 23.22, a PEG ratio of 2.91 and a beta of 0.81. John Deere has a fifty-two week low of $112.87 and a fifty-two week high of $175.26. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.64 and a current ratio of 1.91.

John Deere (NYSE:DE) last issued its quarterly earnings data on Friday, May 18th. The industrial products company reported $3.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.33 by ($0.19). The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.83 billion. John Deere had a net margin of 5.46% and a return on equity of 27.67%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 earnings per share. research analysts expect that John Deere will post 9.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Thursday, March 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $2.40 annualized dividend and a yield of 1.55%. John Deere’s dividend payout ratio is presently 35.93%.

In other John Deere news, insider Jean H. Gilles sold 15,083 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $166.98, for a total transaction of $2,518,559.34. Following the transaction, the insider now owns 69,089 shares of the company’s stock, valued at approximately $11,536,481.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Samuel R. Allen sold 269,353 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.83, for a total transaction of $44,128,101.99. Following the transaction, the chief executive officer now directly owns 361,166 shares in the company, valued at approximately $59,169,825.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 284,578 shares of company stock worth $46,670,270. 0.74% of the stock is currently owned by insiders.

John Deere Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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

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