Deere & Company $DE Shares Acquired by Bill Few Associates Inc.

Bill Few Associates Inc. increased its position in Deere & Company (NYSE:DE) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,398 shares of the industrial products company’s stock after acquiring an additional 181 shares during the period. Bill Few Associates Inc.’s holdings in Deere & Company were worth $711,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DE. CWM LLC increased its stake in Deere & Company by 3.6% during the 2nd quarter. CWM LLC now owns 25,295 shares of the industrial products company’s stock valued at $12,862,000 after buying an additional 884 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Deere & Company by 23.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,802 shares of the industrial products company’s stock worth $19,225,000 after purchasing an additional 7,232 shares during the last quarter. Summa Corp. acquired a new position in shares of Deere & Company in the second quarter worth about $249,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Deere & Company by 33.7% in the second quarter. Concurrent Investment Advisors LLC now owns 7,383 shares of the industrial products company’s stock worth $3,754,000 after buying an additional 1,861 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Deere & Company by 3.4% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 3,962 shares of the industrial products company’s stock worth $2,015,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 2.1%

Shares of NYSE DE opened at $446.76 on Monday. The firm’s 50-day simple moving average is $479.15 and its 200 day simple moving average is $488.45. The company has a market cap of $120.77 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. 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 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last issued 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. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.29 EPS. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.5%. Deere & Company’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DE shares. Wolfe Research decreased their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup reduced their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Truist Financial upped their target price on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. Finally, DA Davidson lowered their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $513.88.

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.