Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 10,478 Shares of Deere & Company (DE)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Deere & Company (NYSE:DE) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,184 shares of the industrial products company’s stock after buying an additional 10,478 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Deere & were worth $7,685,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its position in shares of Deere & by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock worth $2,262,000 after purchasing an additional 300 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Deere & by 42.1% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 6,353 shares during the last quarter. Ngam Advisors L.P. lifted its position in shares of Deere & by 20.8% during the 1st quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock worth $46,498,000 after purchasing an additional 73,484 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Deere & by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after purchasing an additional 40,269 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Deere & by 0.9% during the 2nd quarter. IFP Advisors Inc now owns 15,525 shares of the industrial products company’s stock worth $1,919,000 after purchasing an additional 142 shares during the last quarter. 66.58% of the stock is owned by institutional investors.

In related news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total value of $5,423,390.18. Following the sale, the insider now owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jean H. Gilles sold 12,361 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the completion of the sale, the insider now directly owns 74,981 shares in the company, valued at approximately $9,740,031.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,833 shares of company stock worth $8,725,404. Corporate insiders own 0.85% of the company’s stock.

Several equities research analysts have recently issued reports on DE shares. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the stock a “buy” rating in a research report on Saturday, May 20th. Barclays PLC lifted their price objective on shares of Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a research report on Monday, May 22nd. Stifel Nicolaus lifted their price objective on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Deutsche Bank AG lifted their price objective on shares of Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Robert W. Baird lifted their price objective on shares of Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, May 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Deere & currently has a consensus rating of “Hold” and an average target price of $127.58.

Deere & Company (NYSE:DE) opened at 119.01 on Friday. The stock’s 50 day moving average is $121.81 and its 200-day moving average is $118.30. The firm has a market capitalization of $38.24 billion, a price-to-earnings ratio of 19.77 and a beta of 0.70. Deere & Company has a 52 week low of $81.89 and a 52 week high of $132.50.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post $6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued a $0.60 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

COPYRIGHT VIOLATION WARNING: “Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 10,478 Shares of Deere & Company (DE)” was first posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://weekherald.com/2017/09/17/fjarde-ap-fonden-fourth-swedish-national-pension-fund-acquires-10478-shares-of-deere-company-de.html.

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.

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




Receive News & Ratings for Deere & Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Deere & Company and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eleven + 1 =