Field & Main Bank bought a new position in shares of Deere & Company (NYSE:DE – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,860 shares of the industrial products company’s stock, valued at approximately $2,449,000.
Several other large investors have also recently bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Deere & Company in the second quarter valued at $27,000. Kilter Group LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $29,000. Timmons Wealth Management LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $29,000. McIlrath & Eck LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $30,000. Finally, Solstein Capital LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.
Deere & Company Price Performance
DE stock opened at $630.66 on Friday. The company has a market capitalization of $170.24 billion, a P/E ratio of 35.04, a PEG ratio of 2.57 and a beta of 0.90. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The business has a 50 day simple moving average of $611.59 and a 200-day simple moving average of $593.34. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.
Deere & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Robert W. Baird boosted their price objective on shares of Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Citigroup upped their target price on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Barclays increased their target price on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Bank of America reduced their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $653.48.
View Our Latest Analysis on DE
Deere & Company Profile
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
Read More
- Five stocks we like better than Deere & Company
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.
