10,418 Deere & Company $DE Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its stake in shares of Deere & Company (NYSE:DE) by 13.6% in the 3rd quarter, Holdings Channel reports. The fund owned 66,036 shares of the industrial products company’s stock after selling 10,418 shares during the quarter. Deere & Company accounts for approximately 0.9% of Sterling Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Sterling Capital Management LLC’s holdings in Deere & Company were worth $44,346,000 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 the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co boosted its stake in Deere & Company by 3.2% in the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 16 shares during the period. Concorde Asset Management LLC increased its holdings in Deere & Company by 3.0% during the 2nd quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 17 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Deere & Company by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after purchasing an additional 17 shares during the period. XY Planning Network Inc. raised its stake in shares of Deere & Company by 2.3% in the 3rd quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 17 shares during the period. Finally, CRA Financial Services LLC raised its stake in shares of Deere & Company by 1.4% in the 3rd quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock valued at $822,000 after purchasing an additional 17 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.3%

DE traded up $1.99 on Friday, hitting $645.61. 693,936 shares of the company were exchanged, compared to its average volume of 1,162,021. Deere & Company has a 12 month low of $454.50 and a 12 month high of $721.22. The company has a market cap of $174.07 billion, a PE ratio of 35.87, a PEG ratio of 2.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The stock’s fifty day moving average is $660.40 and its 200-day moving average is $614.23.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $4.75 earnings per share. Equities research analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

DE has been the topic of several research reports. UBS Group cut their target price on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target for the company in a research note on Wednesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Finally, Bank of America increased their target price on shares of Deere & Company from $667.00 to $715.00 in a report on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.