Kowal Investment Group LLC Reduces Stock Holdings in Deere & Company (NYSE:DE)

Kowal Investment Group LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 25.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 665 shares of the industrial products company’s stock after selling 224 shares during the quarter. Kowal Investment Group LLC’s holdings in Deere & Company were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. boosted its stake in Deere & Company by 5.4% during the 4th quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock worth $791,000 after purchasing an additional 102 shares during the period. 9258 Wealth Management LLC raised its holdings in Deere & Company by 9.8% during the fourth quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock worth $790,000 after purchasing an additional 176 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of Deere & Company by 62.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,430 shares of the industrial products company’s stock worth $551,000 after buying an additional 552 shares in the last quarter. Congress Wealth Management LLC DE lifted its holdings in shares of Deere & Company by 2.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 5,309 shares of the industrial products company’s stock valued at $2,123,000 after purchasing an additional 136 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Deere & Company by 1.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 79,525 shares of the industrial products company’s stock valued at $31,800,000 after buying an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.9 %

DE stock opened at $405.89 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The firm has a 50 day simple moving average of $376.24 and a 200-day simple moving average of $382.88. The company has a market capitalization of $111.85 billion, a P/E ratio of 12.22, a PEG ratio of 1.29 and a beta of 0.92. Deere & Company has a twelve month low of $340.20 and a twelve month high of $417.46.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The business had revenue of $11.39 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $10.20 earnings per share. On average, equities research analysts predict that Deere & Company will post 25.07 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Oppenheimer dropped their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $410.50.

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.