Deere & Company (NYSE:DE) Position Trimmed by Leibman Financial Services Inc.

Leibman Financial Services Inc. lessened its stake in shares of Deere & Company (NYSE:DE) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,397 shares of the industrial products company’s stock after selling 28 shares during the period. Deere & Company accounts for about 4.0% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 3rd biggest holding. Leibman Financial Services Inc.’s holdings in Deere & Company were worth $5,591,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Connectus Wealth LLC raised its position in shares of Deere & Company by 29.5% during 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. Regal Investment Advisors LLC lifted its position in shares of Deere & Company by 5.1% in the fourth quarter. Regal Investment Advisors LLC now owns 3,257 shares of the industrial products company’s stock valued at $1,302,000 after acquiring an additional 159 shares in the last quarter. Northwest Wealth Management LLC boosted its stake in shares of Deere & Company by 122.0% in the fourth quarter. Northwest Wealth Management LLC now owns 1,814 shares of the industrial products company’s stock worth $726,000 after acquiring an additional 997 shares during the period. Ethic Inc. grew its position in shares of Deere & Company by 1.7% during the fourth quarter. Ethic Inc. now owns 24,042 shares of the industrial products company’s stock worth $9,614,000 after purchasing an additional 406 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Deere & Company by 11.1% during the 4th quarter. Jacobi Capital Management LLC now owns 5,272 shares of the industrial products company’s stock valued at $2,108,000 after purchasing an additional 526 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $400.34 on Wednesday. The stock has a market cap of $110.32 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The stock has a 50 day moving average price of $383.66 and a 200-day moving average price of $385.15. Deere & Company has a one year low of $340.20 and a one year high of $420.47.

Deere & Company (NYSE:DE) last posted its quarterly earnings data 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. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period in the previous year, the firm earned $10.20 earnings per share. Deere & Company’s quarterly revenue was down 20.3% compared to the same quarter last year. Equities analysts expect that Deere & Company will post 25.03 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.47%. Deere & Company’s payout ratio is 17.70%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley dropped their price target on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Evercore ISI upped their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Citigroup reduced their price target on shares of Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. 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 research note on Tuesday, August 13th. Finally, HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $410.50.

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.