ProShare Advisors LLC Purchases 4,837 Shares of Deere & Company $DE

ProShare Advisors LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 12.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,702 shares of the industrial products company’s stock after buying an additional 4,837 shares during the period. ProShare Advisors LLC’s holdings in Deere & Company were worth $22,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DE. Southland Equity Partners LLC boosted its position in shares of Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 20 shares during the last quarter. Vivid Wealth Management LLC raised its stake in Deere & Company by 1.9% in the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its position in Deere & Company by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. grew its stake in Deere & Company by 2.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after buying an additional 20 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after buying an additional 21 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DE shares. Daiwa Capital Markets dropped their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Robert W. Baird dropped their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Jefferies Financial Group reduced their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Price Performance

DE opened at $477.70 on Wednesday. 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 stock’s 50 day simple moving average is $465.79 and its 200 day simple moving average is $490.77. The firm has a market cap of $129.14 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 3.05 and a beta of 1.04. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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 analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $6.29 earnings per share. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

Deere & 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.