Deere & Company (NYSE:DE) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,150 shares of the industrial products company’s stock after acquiring an additional 493 shares during the period. NewEdge Advisors LLC’s holdings in Deere & Company were worth $7,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC grew its stake in Deere & Company by 1,180.0% during the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Pineridge Advisors LLC grew its position 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 worth $27,000 after buying an additional 58 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the second quarter worth approximately $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company during the 4th quarter valued at $30,000. Finally, Spartan Planning & Wealth Management bought a new position in shares of Deere & Company during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DE shares. Citigroup dropped their price target on Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Raymond James assumed coverage on shares of Deere & Company in a research report on Friday, June 28th. They set an “outperform” rating and a $420.00 price objective for the company. Evercore ISI raised their target price 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. Finally, Oppenheimer lowered their target price 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and a consensus price target of $410.50.

Deere & Company Trading Up 0.2 %

Shares of NYSE:DE opened at $417.33 on Tuesday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $419.63. 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 market cap of $115.00 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.36 and a beta of 0.92. The company has a 50 day moving average of $380.26 and a 200-day moving average of $384.41.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (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 during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the company posted $10.20 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 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.