Deere & Company $DE Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp trimmed its holdings in Deere & Company (NYSE:DE) by 11.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,115 shares of the industrial products company’s stock after selling 1,666 shares during the period. Deere & Company comprises 3.6% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 4th biggest position. Aull & Monroe Investment Management Corp’s holdings in Deere & Company were worth $6,669,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. OLD National Bancorp IN lifted its position in shares of Deere & Company by 2.6% in the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after buying an additional 610 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Deere & Company by 10.7% during the 1st 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 during the last quarter. Providence Capital Advisors LLC lifted its holdings in Deere & Company by 2.1% during the 1st 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 during the last quarter. Bragg Financial Advisors Inc lifted its holdings in Deere & Company by 12.7% during the 1st 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 during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Deere & Company during the 1st quarter worth approximately $13,588,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE DE opened at $458.63 on Friday. The stock has a market capitalization of $123.98 billion, a PE ratio of 23.97, a P/E/G ratio of 2.95 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The business has a fifty day moving average price of $473.24 and a two-hundred day moving average price of $487.60. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week 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, 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 company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the company posted $6.29 EPS. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared 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 is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group set a $535.00 price target on Deere & Company and gave the stock a “buy” rating in a report on Friday. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Jefferies Financial Group dropped their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Oppenheimer dropped their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Finally, Wolfe Research dropped their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $517.35.

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.