Deere & Company (NYSE:DE) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC lessened its stake in Deere & Company (NYSE:DE) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,745 shares of the industrial products company’s stock after selling 108 shares during the period. Advisory Alpha LLC’s holdings in Deere & Company were worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. True Wealth Design LLC raised its holdings in shares of Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Pineridge Advisors LLC raised its holdings in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at about $26,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Finally, Spartan Planning & Wealth Management purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research reports. Citigroup reduced their target price on shares of Deere & Company from $395.00 to $370.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Bank of America increased their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Truist Financial reissued a “buy” rating and set a $443.00 price target (up from $439.00) on shares of Deere & Company in a report on Friday, August 16th. Finally, Evercore ISI increased their price target on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a report on Monday, August 19th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $410.50.

Deere & Company Stock Up 0.2 %

DE stock opened at $417.33 on Tuesday. The company’s 50 day simple moving average is $380.26 and its 200-day simple moving average is $384.41. The firm has a market capitalization of $115.00 billion, a PE ratio of 12.56, a P/E/G ratio of 1.36 and a beta of 0.92. Deere & Company has a 12 month low of $340.20 and a 12 month high of $419.63. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $10.20 earnings per share. Equities analysts expect that Deere & Company will post 25.03 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.41%. Deere & Company’s dividend payout ratio is presently 17.70%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.