Pacer Advisors Inc. Purchases 417 Shares of Deere & Company (NYSE:DE)

Pacer Advisors Inc. grew its position in shares of Deere & Company (NYSE:DE) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,573 shares of the industrial products company’s stock after acquiring an additional 417 shares during the quarter. Pacer Advisors Inc.’s holdings in Deere & Company were worth $6,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in shares of Deere & Company by 1,180.0% during the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 725.0% during 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 stake in Deere & Company during the fourth quarter worth $30,000. Spartan Planning & Wealth Management bought a new stake in Deere & Company during the fourth quarter worth $33,000. Finally, Core Wealth Advisors Inc. grew 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 buying an additional 70 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of several recent research reports. Bank of America upped their price target on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Oppenheimer decreased their price target on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Raymond James initiated coverage on Deere & Company in a report on Friday, June 28th. They set an “outperform” rating and a $420.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. 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, Deere & Company presently has an average rating of “Hold” and an average target price of $410.50.

Deere & Company Stock Up 0.7 %

Shares of NYSE DE opened at $408.83 on Tuesday. Deere & Company has a one year low of $340.20 and a one year high of $417.46. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The business’s fifty day moving average price is $376.98 and its 200-day moving average price is $383.12. The stock has a market capitalization of $112.66 billion, a PE ratio of 12.31, a P/E/G ratio of 1.29 and a beta of 0.92.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the firm earned $10.20 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 25.07 EPS for the current 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 issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

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.