396 Shares in Deere & Company $DE Purchased by Bowman & Co S.C.

Bowman & Co S.C. bought a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 396 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Deere & Company by 58.9% during the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock worth $6,395,000 after purchasing an additional 5,053 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Deere & Company by 10.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock worth $3,863,000 after purchasing an additional 798 shares in the last quarter. Providence Capital Advisors LLC boosted its position in Deere & Company by 2.1% during the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after purchasing an additional 303 shares in the last quarter. Bragg Financial Advisors Inc boosted its position in Deere & Company by 12.7% during the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 813 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in Deere & Company during the first quarter worth approximately $13,588,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

NYSE DE opened at $469.38 on Tuesday. The company has a market cap of $126.89 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 3.02 and a beta of 1.00. The stock’s 50 day simple moving average is $496.57 and its 200-day simple moving average is $490.32. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

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

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DE shares. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. BMO Capital Markets reiterated a “market perform” rating and set a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. DA Davidson lowered their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Oppenheimer increased their price target on Deere & Company from $560.00 to $566.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Finally, Citigroup decreased their target price on Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $520.87.

About Deere & Company

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.