Mitchell Mcleod Pugh & Williams Inc. Purchases 80 Shares of Deere & Company $DE

Mitchell Mcleod Pugh & Williams Inc. boosted its position in Deere & Company (NYSE:DE) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,632 shares of the industrial products company’s stock after acquiring an additional 80 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Deere & Company were worth $2,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DE. Brighton Jones LLC boosted its position in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. GAMMA Investing LLC boosted its position in Deere & Company by 30.6% during the first quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company’s stock valued at $1,753,000 after buying an additional 876 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Deere & Company by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 90,020 shares of the industrial products company’s stock valued at $42,250,000 after buying an additional 826 shares during the period. Ritholtz Wealth Management boosted its position in Deere & Company by 34.7% during the first quarter. Ritholtz Wealth Management now owns 4,606 shares of the industrial products company’s stock valued at $2,162,000 after buying an additional 1,187 shares during the period. Finally, Mission Wealth Management LP boosted its position in Deere & Company by 7.7% during the first quarter. Mission Wealth Management LP now owns 5,206 shares of the industrial products company’s stock valued at $2,443,000 after buying an additional 373 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of several analyst reports. DA Davidson cut their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Robert W. Baird cut their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research report on Monday. Oppenheimer cut their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $511.76.

Deere & Company Stock Performance

Deere & Company stock opened at $448.12 on Wednesday. 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 of $476.51 and a 200-day moving average of $487.98. The firm has a market cap of $121.14 billion, a P/E ratio of 23.42, a P/E/G ratio of 2.82 and a beta of 1.02. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business posted $6.29 earnings per share. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Deere & Company 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.