Norinchukin Bank The Boosts Holdings in Deere & Company (DE)

SEC FORM 4 - SEC.gov

Net income attributable to the company was $510.3 million, or $1.57 per share, for the fourth quarter ended October 29, compared with $285.3 million, or 90 cents per share, for the quarter ended October 30, 2016. The institutional investor owned 213,819 shares of the industrial products company's stock after selling 15,801 shares during the period.

Here is a summary of how Deere & Co.'s divisions performed in the fourth quarter and fiscal year as well as their outlook for fiscal 2018. It is the largest acquisition in company history. Arrow Financial Corp grew its stake in shares of Deere & by 5.2% in the second quarter. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13.

Traders are more bullish on shares of the company of late as indicated by the downtick in short interest. Blue Chip Partners Inc. lifted its holdings in Deere & by 0.3% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company's stock valued at $145,000 after buying an additional 360 shares during the period. Northwest Quadrant Wealth Management LLC lifted its holdings in Deere & by 0.4% in the second quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Deere & during the 3rd quarter worth about $144,000. First Republic Mgmt Incorporated owns 0.03% invested in Deere & Company (NYSE:DE) for 28,821 shares. The company's stock had a trading volume of 5,914,500 shares, compared to its average volume of 2,364,841. On a consensus basis, analysts have given a recommendation of 2.50 on company shares. At Deere & Company (DE), there are now 1,109 institutional holders with a total of 221,910,043 shares. Deere & Company has a 52 week low of $91.84 and a 52 week high of $140.36. The firm has a market cap of $43,991.97, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73. "Reports Q4 Results Tomorrow Morning" published on November 21, 2017, Nasdaq.com published: "Why Earnings Season Could Be Great for Deere & Company (DE)" on November 20, 2017. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share. Deere & had a net margin of 6.81% and a return on equity of 25.96%.

Revenues rose 25.6% from a year ago to $7.09 billion, also topping analysts' view for $6.91 billion. Public Employees Retirement System of OH boosted its holdings in shares of Deere & by 0.7% during the 3rd quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. The company was downgraded on Thursday, September 24 by TheStreet. Deere &'s dividend payout ratio is 40.20%. If you are accessing this report on another website, it was stolen and reposted in violation of US and worldwide trademark & copyright legislation. The legal version of this report can be viewed at https://weekherald.com/2017/11/22/deere-company-de-upgraded-by-robert-w-baird-to-outperform.html. Pentz Markwart Von, Pres.Ag&TurfDiv.Eur.Asia, Afr. let go of $405,030 worth of shares at a price of $135.01 on Friday the 3rd. Pentz Markwart Von, Pres.Ag^TurfDiv.Eur., Asia, Afr. sold $3,267,272 worth of shares at an average price of $135.33 on November 6th. Following the completion of the sale, the insider now owns 57,086 shares of the company's stock, valued at approximately $7,725,448.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The shares were sold at an average price of $127.04, for a total transaction of $2,806,948.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,684 shares of company stock valued at $13,270,809.

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A number of equities analysts have weighed in on DE shares.

Equity analyst Stifel Nicolaus released a research note on DE with a rating of "Buy" and setting a price target of $135.00. Goldman Sachs Group, Inc. On August 22 Argus held the stock rating at "Buy" projecting a price of $140.00. BMO Capital Markets reiterated a "buy" rating and set a $150.00 target price on shares of Deere & in a report on Thursday, November 2nd. The stock of Deere & Company (NYSE:DE) earned "Hold" rating by RBC Capital Markets on Friday, March 24.

On October 9 Deutsche Bank AG left the company rating at "Hold" with a current price target of $129.00.

Invesco Limited has invested 0.06% in Deere & Company (NYSE:DE).

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