Bailard Inc. Sells 262 Shares of Deere & Company $DE

Bailard Inc. decreased its holdings in shares of Deere & Company (NYSE:DE) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,910 shares of the industrial products company’s stock after selling 262 shares during the quarter. Bailard Inc.’s holdings in Deere & Company were worth $1,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the period. Edgestream Partners L.P. raised its stake in Deere & Company by 377.7% during the 1st quarter. Edgestream Partners L.P. now owns 6,559 shares of the industrial products company’s stock valued at $3,078,000 after purchasing an additional 5,186 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in Deere & Company by 5.3% in the 1st quarter. First Command Advisory Services Inc. now owns 560 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Deere & Company by 4.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 10,615 shares of the industrial products company’s stock worth $4,982,000 after purchasing an additional 497 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in Deere & Company by 29.1% in the 1st quarter. Wealthfront Advisers LLC now owns 30,603 shares of the industrial products company’s stock worth $14,364,000 after purchasing an additional 6,891 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. Zacks Research downgraded Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Wolfe Research decreased their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Jefferies Financial Group cut their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada began coverage on Deere & Company in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 target price for the company. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Stock Up 0.3%

Shares of DE opened at $479.22 on Thursday. The company has a market capitalization of $129.55 billion, a P/E ratio of 25.05, a PEG ratio of 3.05 and a beta of 1.04. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The business’s 50 day simple moving average is $466.00 and its 200-day simple moving average is $490.69. 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 released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the firm posted $6.29 EPS. The business’s revenue was down 9.0% on a year-over-year basis. As a group, sell-side analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were paid a $1.62 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 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.