Deere & Company $DE Shares Sold by Sepio Capital LP

Sepio Capital LP cut its stake in shares of Deere & Company (NYSE:DE) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,573 shares of the industrial products company’s stock after selling 46 shares during the quarter. Sepio Capital LP’s holdings in Deere & Company were worth $739,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new position in shares of Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $34,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Deere & Company in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Deere & Company from $560.00 to $566.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Barclays raised their target price on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a report on Friday, May 16th. The Goldman Sachs Group restated a “buy” rating on shares of Deere & Company in a report on Thursday, May 15th. Finally, Bank of America raised their target price on shares of Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $520.87.

Deere & Company Stock Performance

NYSE:DE opened at $472.74 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $501.32 and a two-hundred day moving average price of $490.71. Deere & Company has a twelve month low of $378.66 and a twelve month high of $533.78. The company has a market capitalization of $127.80 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 3.04 and a beta of 1.00.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the company earned $6.29 EPS. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.