Deere & Company $DE Stock Holdings Lessened by Princeton Capital Management LLC

Princeton Capital Management LLC trimmed its stake in shares of Deere & Company (NYSE:DE) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,635 shares of the industrial products company’s stock after selling 262 shares during the quarter. Deere & Company comprises 0.7% of Princeton Capital Management LLC’s portfolio, making the stock its 25th largest position. Princeton Capital Management LLC’s holdings in Deere & Company were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Savant Capital LLC grew its position in Deere & Company by 2.8% in the 2nd quarter. Savant Capital LLC now owns 14,856 shares of the industrial products company’s stock worth $7,554,000 after purchasing an additional 405 shares during the last quarter. Malaga Cove Capital LLC boosted its position in Deere & Company by 14.7% during the 2nd quarter. Malaga Cove Capital LLC now owns 3,118 shares of the industrial products company’s stock worth $1,585,000 after acquiring an additional 400 shares during the period. Eukles Asset Management grew its stake in shares of Deere & Company by 2.1% in the second quarter. Eukles Asset Management now owns 2,781 shares of the industrial products company’s stock worth $1,414,000 after purchasing an additional 57 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Deere & Company by 1.6% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,178,858 shares of the industrial products company’s stock valued at $599,438,000 after purchasing an additional 18,398 shares during the period. Finally, Soltis Investment Advisors LLC raised its stake in shares of Deere & Company by 33.5% during the second quarter. Soltis Investment Advisors LLC now owns 1,191 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DE shares. Citigroup decreased their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. Royal Bank Of Canada started coverage on Deere & Company in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 target price for the company. Jefferies Financial Group lowered their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Finally, Robert W. Baird cut their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Price Performance

Shares of NYSE:DE opened at $474.73 on Friday. The company has a market cap of $128.33 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The company’s fifty day moving average is $466.07 and its two-hundred day moving average is $489.91. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly 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 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%.Deere & Company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.29 earnings per share. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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