Deere & Company $DE Shares Sold by RFG Advisory LLC

RFG Advisory LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,616 shares of the industrial products company’s stock after selling 85 shares during the period. RFG Advisory LLC’s holdings in Deere & Company were worth $1,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position 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 worth $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 worth approximately $29,000. Cornerstone Planning Group LLC increased its position 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 worth $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the 2nd quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Deere & Company during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday. Oppenheimer decreased their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. DA Davidson decreased their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $511.76.

Deere & Company Price Performance

DE stock opened at $448.62 on Thursday. Deere & Company has a 1 year low of $387.03 and a 1 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’s 50 day moving average price is $475.28 and its 200 day moving average price is $487.71. The firm has a market cap of $121.28 billion, a P/E ratio of 23.45, a PEG ratio of 2.88 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $6.29 EPS. Deere & Company’s revenue was down 9.0% on a year-over-year basis. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Deere & Company 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.