Cedar Point Capital Partners LLC Has $842,000 Position in Deere & Company $DE

Cedar Point Capital Partners LLC boosted its position in Deere & Company (NYSE:DE) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,656 shares of the industrial products company’s stock after buying an additional 45 shares during the quarter. Cedar Point Capital Partners LLC’s holdings in Deere & Company were worth $842,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DE. Nuveen LLC acquired a new stake in shares of Deere & Company in the first quarter valued at approximately $571,073,000. TD Asset Management Inc grew its position in Deere & Company by 132.0% in the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after purchasing an additional 410,636 shares in the last quarter. Voya Investment Management LLC grew its position in Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after buying an additional 286,253 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Deere & Company by 23.4% in the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after buying an additional 256,806 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of recent research reports. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target for the company. Oppenheimer lowered their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Finally, Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Price Performance

NYSE:DE opened at $468.59 on Wednesday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The firm has a market capitalization of $126.67 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 3.08 and a beta of 1.02. The stock’s 50 day moving average price is $469.21 and its two-hundred day moving average price is $489.60. 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 (NYSE:DE) last issued 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. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $6.29 EPS. On average, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed 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. 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 payout ratio is 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.