GAMMA Investing LLC Has $956,000 Holdings in Deere & Company (NYSE:DE)

GAMMA Investing LLC lifted its position in Deere & Company (NYSE:DE) by 29.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,290 shares of the industrial products company’s stock after purchasing an additional 515 shares during the quarter. GAMMA Investing LLC’s holdings in Deere & Company were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DE. First Trust Advisors LP boosted its position in shares of Deere & Company by 22.3% during the 4th quarter. First Trust Advisors LP now owns 75,832 shares of the industrial products company’s stock valued at $30,323,000 after acquiring an additional 13,833 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in Deere & Company during the fourth quarter valued at approximately $287,000. Connectus Wealth LLC grew its stake in shares of Deere & Company by 29.5% in the 4th quarter. Connectus Wealth LLC now owns 2,939 shares of the industrial products company’s stock valued at $1,178,000 after purchasing an additional 669 shares during the period. Sei Investments Co. raised its holdings in shares of Deere & Company by 3.9% in the 4th quarter. Sei Investments Co. now owns 149,910 shares of the industrial products company’s stock worth $59,945,000 after buying an additional 5,603 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its position in shares of Deere & Company by 5.1% during the 4th quarter. Regal Investment Advisors LLC now owns 3,257 shares of the industrial products company’s stock worth $1,302,000 after buying an additional 159 shares during the period. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

DE has been the topic of a number of analyst reports. Morgan Stanley lowered their price target on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. JPMorgan Chase & Co. dropped their target price on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Citigroup cut their price target 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. Bank of America upped their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets started coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $410.50.

Deere & Company Stock Down 0.5 %

Shares of DE opened at $406.04 on Tuesday. The business’s fifty day moving average price is $383.08 and its two-hundred day moving average price is $385.09. The firm has a market capitalization of $111.89 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.36 and a beta of 0.92. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (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 analysts’ expectations of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the business earned $10.20 earnings per share. On average, analysts predict that Deere & Company will post 25.03 earnings per share for the current year.

Deere & Company Announces Dividend

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

Deere & Company 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.