Duncan Williams Asset Management LLC Decreases Position in Deere & Company $DE

Duncan Williams Asset Management LLC cut its stake in shares of Deere & Company (NYSE:DE) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the industrial products company’s stock after selling 120 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Deere & Company were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Activest Wealth Management raised its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC increased its position in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the second quarter valued at about $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the second quarter worth about $39,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 0.2%

NYSE DE opened at $462.59 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The company has a market capitalization of $125.05 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The stock’s 50-day moving average price is $484.64 and its 200-day moving average price is $489.24.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $6.29 earnings per share. On average, equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued 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 yield of 1.4%. Deere & Company’s payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Saturday, September 27th. Truist Financial dropped their price target on Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Robert W. Baird decreased their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Wolfe Research lowered their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $518.18.

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.