703 Shares in Deere & Company (NYSE:DE) Acquired by Holistic Planning LLC

Holistic Planning LLC bought a new stake in shares of Deere & Company (NYSE:DE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 703 shares of the industrial products company’s stock, valued at approximately $294,000.

Several other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its stake in Deere & Company by 20.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after purchasing an additional 2,692 shares during the period. Balentine LLC purchased a new position in Deere & Company during the third quarter valued at approximately $710,000. Royal Fund Management LLC increased its holdings in Deere & Company by 99.8% during the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after acquiring an additional 3,223 shares during the period. New Century Financial Group LLC purchased a new stake in Deere & Company in the 3rd quarter worth approximately $1,052,000. Finally, Manning & Napier Advisors LLC bought a new position in Deere & Company in the 2nd quarter valued at $24,984,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DE. Bank of America upped their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Evercore ISI upped their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Oppenheimer decreased their price objective on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Trading Down 4.2 %

Shares of DE stock opened at $393.99 on Friday. The business has a 50-day moving average of $403.02 and a 200 day moving average of $385.69. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The stock has a market capitalization of $107.80 billion, a PE ratio of 13.44, a P/E/G ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the prior year, the firm posted $10.20 earnings per share. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 20.06%.

Deere & Company 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.