Deere & Company (NYSE:DE) Holdings Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Deere & Company (NYSE:DE) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,147 shares of the industrial products company’s stock after buying an additional 362 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Deere & Company were worth $6,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC grew its position in Deere & Company by 1,180.0% in the 4th 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 in the last quarter. Pineridge Advisors LLC boosted 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 acquiring an additional 58 shares in the last quarter. Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $30,000. Spartan Planning & Wealth Management acquired a new position in shares of Deere & Company during the fourth quarter valued at approximately $33,000. Finally, Core Wealth Advisors Inc. raised its holdings in Deere & Company by 466.7% during the fourth quarter. Core Wealth Advisors Inc. now owns 85 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 70 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the completion of the sale, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $405.89 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $417.46. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market cap of $111.85 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The business has a fifty day simple moving average of $376.24 and a 200-day simple moving average of $382.66.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the business earned $10.20 EPS. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, sell-side analysts anticipate that Deere & Company will post 25.07 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio is presently 17.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DE. Evercore ISI lifted their price target on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Citigroup lowered their target price on Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Hsbc Global Res downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Raymond James assumed coverage on shares of Deere & Company in a research note on Friday, June 28th. They set an “outperform” rating and a $420.00 target price for the company. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $409.88.

Deere & Company Profile

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.