Deere & Company $DE Holdings Decreased by Wealthspan Partners LLC

Wealthspan Partners LLC reduced its position in Deere & Company (NYSE:DE) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,412 shares of the industrial products company’s stock after selling 433 shares during the quarter. Deere & Company comprises about 6.0% of Wealthspan Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Wealthspan Partners LLC’s holdings in Deere & Company were worth $14,447,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. OLD National Bancorp IN increased its holdings in Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after purchasing an additional 610 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Deere & Company by 10.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock valued at $3,863,000 after purchasing an additional 798 shares in the last quarter. Providence Capital Advisors LLC increased its holdings in Deere & Company by 2.1% in the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock valued at $6,871,000 after purchasing an additional 303 shares in the last quarter. Bragg Financial Advisors Inc increased its holdings in Deere & Company by 12.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock valued at $3,386,000 after purchasing an additional 813 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Deere & Company in the 1st quarter valued at $13,588,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DE. Oppenheimer lowered their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Robert W. Baird lowered their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial increased their price target on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.76.

Deere & Company Stock Up 0.1%

Shares of Deere & Company stock opened at $448.62 on Thursday. The business has a 50-day moving average of $475.28 and a 200-day moving average of $487.71. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market capitalization of $121.28 billion, a PE ratio of 23.45, a P/E/G ratio of 2.88 and a beta of 1.02. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating 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 company’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $6.29 earnings per share. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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