Deere & Company $DE Stock Position Raised by Advisory Alpha LLC

Advisory Alpha LLC lifted its holdings in shares of Deere & Company (NYSE:DE) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,492 shares of the industrial products company’s stock after buying an additional 391 shares during the period. Advisory Alpha LLC’s holdings in Deere & Company were worth $6,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. 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 boosted 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 purchasing 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 boosted 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 purchasing 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 own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DE. Citigroup reduced their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Wolfe Research reduced their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Daiwa Capital Markets reduced their price target on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Trading Up 1.1%

Shares of NYSE:DE opened at $477.76 on Tuesday. The company has a 50 day moving average of $469.62 and a 200-day moving average of $489.44. The firm has a market cap of $129.15 billion, a P/E ratio of 24.97, a P/E/G ratio of 3.04 and a beta of 1.02. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating 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 business 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 earned $6.29 earnings per share. The business’s quarterly revenue was down 9.0% on a year-over-year basis. As a group, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

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.