Deere & Company (NYSE:DE) Stake Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in Deere & Company (NYSE:DE) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,136 shares of the industrial products company’s stock after buying an additional 982 shares during the period. Coldstream Capital Management Inc.’s holdings in Deere & Company were worth $5,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DE. International Assets Investment Management LLC increased its stake in shares of Deere & Company by 15.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,102 shares of the industrial products company’s stock worth $841,000 after buying an additional 288 shares during the last quarter. Gilbert & Cook Inc. lifted its position in shares of Deere & Company by 5.4% in the 4th quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock worth $791,000 after buying an additional 102 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of Deere & Company by 9.8% in the 4th quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock valued at $790,000 after buying an additional 176 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Deere & Company by 62.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,430 shares of the industrial products company’s stock valued at $551,000 after buying an additional 552 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $380,000. Institutional investors own 68.58% of the company’s stock.

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now owns 41,642 shares in the company, valued at $15,725,268.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DE has been the topic of a number of recent research reports. Daiwa Capital Markets raised their target price on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. reduced their price objective on Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer lowered their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $414.11.

Deere & Company Price Performance

NYSE DE opened at $385.48 on Tuesday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $417.46. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The firm has a market capitalization of $105.47 billion, a PE ratio of 11.66, a P/E/G ratio of 1.27 and a beta of 0.92. The company’s 50 day simple moving average is $369.56 and its 200 day simple moving average is $380.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter last year, the business earned $10.20 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, equities research analysts forecast that Deere & Company will post 25.07 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be given a $1.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.53%. Deere & Company’s dividend payout ratio (DPR) is 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.