Baer Investment Advisory LLC Sells 133 Shares of Deere & Company $DE

Baer Investment Advisory LLC decreased its stake in shares of Deere & Company (NYSE:DE) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,213 shares of the industrial products company’s stock after selling 133 shares during the period. Deere & Company makes up 5.0% of Baer Investment Advisory LLC’s portfolio, making the stock its 9th biggest position. Baer Investment Advisory LLC’s holdings in Deere & Company were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Deere & Company during the 2nd quarter valued at about $25,000. Activest Wealth Management increased its stake 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 period. Hughes Financial Services LLC acquired a new position in Deere & Company during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC increased its stake in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of several research analyst reports. Truist Financial raised 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, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. DA Davidson reduced their price objective 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. Jefferies Financial Group reduced their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price objective 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, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Stock Performance

Shares of DE opened at $473.01 on Monday. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a 50-day moving average of $469.88 and a two-hundred day moving average of $489.27. The stock has a market cap of $127.87 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.04 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.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $10.33 billion. During the same period last year, the company posted $6.29 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

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.