Deere & Company $DE Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its position in shares of Deere & Company (NYSE:DE) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,201 shares of the industrial products company’s stock after selling 795 shares during the period. Keybank National Association OH’s holdings in Deere & Company were worth $27,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DE. Premier Path Wealth Partners LLC raised its stake in Deere & Company by 4.9% in the second quarter. Premier Path Wealth Partners LLC now owns 3,212 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 151 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Deere & Company by 23.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 9,408 shares of the industrial products company’s stock valued at $4,784,000 after acquiring an additional 1,817 shares during the last quarter. World Investment Advisors raised its position in shares of Deere & Company by 40.1% during the 2nd quarter. World Investment Advisors now owns 1,933 shares of the industrial products company’s stock worth $983,000 after acquiring an additional 553 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in Deere & Company by 6.0% during the second quarter. Daymark Wealth Partners LLC now owns 7,456 shares of the industrial products company’s stock worth $3,791,000 after purchasing an additional 421 shares during the last quarter. Finally, WNY Asset Management LLC boosted its holdings in Deere & Company by 20.4% in the second quarter. WNY Asset Management LLC now owns 590 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 100 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE:DE opened at $465.99 on Friday. The company has a 50-day simple moving average of $468.41 and a 200-day simple moving average of $489.53. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a market capitalization of $125.97 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.05 and a beta of 1.02.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the company posted $6.29 earnings per share. On average, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business 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 dividend of $1.62 per share. 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 is 33.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DE shares. Daiwa Capital Markets cut their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Wolfe Research cut their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Robert W. Baird decreased 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 note on Monday, October 13th. DA Davidson cut their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. reduced their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

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.