Ascent Group LLC Has $1.17 Million Position in Deere & Company $DE

Ascent Group LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,301 shares of the industrial products company’s stock after purchasing an additional 133 shares during the quarter. Ascent Group LLC’s holdings in Deere & Company were worth $1,170,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DE. Activest Wealth Management lifted its position in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Deere & Company in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Deere & Company during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 2nd quarter valued at $39,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DE. Daiwa Capital Markets reduced their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. DA Davidson reduced their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Wolfe Research decreased their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer decreased their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $518.18.

Deere & Company Trading Up 0.2%

Shares of DE stock opened at $462.59 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The firm has a market cap of $125.05 billion, a P/E ratio of 24.18, a PEG ratio of 2.98 and a beta of 1.02. The company has a 50 day moving average of $484.64 and a 200-day moving average of $489.24. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company earned $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

About Deere & Company

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.