Deere & Company (NYSE:DE) Holdings Increased by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC lifted its stake in Deere & Company (NYSE:DE) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,061 shares of the industrial products company’s stock after acquiring an additional 66 shares during the period. Deere & Company accounts for approximately 1.5% of Greater Midwest Financial Group LLC’s holdings, making the stock its 19th biggest position. Greater Midwest Financial Group LLC’s holdings in Deere & Company were worth $2,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DE. Pineridge Advisors LLC raised its position in Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $26,000. Olistico Wealth LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $37,000. Financial Synergies Wealth Advisors Inc. lifted its stake in Deere & Company by 2,500.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 104 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 100 shares during the last quarter. Finally, Centennial Bank AR boosted its holdings in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Evercore ISI upped their price target on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Morgan Stanley decreased their price target on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, Citigroup raised their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average price target of $420.69.

Deere & Company Stock Down 0.9 %

NYSE DE traded down $3.56 on Thursday, reaching $405.81. The stock had a trading volume of 64,009 shares, compared to its average volume of 1,467,553. The business has a 50 day moving average price of $390.66 and a 200 day moving average price of $385.36. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The company has a market capitalization of $111.83 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.20 earnings per share. On average, analysts forecast that Deere & Company will post 25.03 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.45%. Deere & Company’s dividend payout ratio (DPR) is currently 17.70%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.