Castlekeep Investment Advisors LLC Purchases 136 Shares of Deere & Company $DE

Castlekeep Investment Advisors LLC boosted its position in shares of Deere & Company (NYSE:DE) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,713 shares of the industrial products company’s stock after purchasing an additional 136 shares during the period. Castlekeep Investment Advisors LLC’s holdings in Deere & Company were worth $1,380,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company during the 2nd quarter valued at about $25,000. Activest Wealth Management increased 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 acquired a new stake in Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC increased its position in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company in the 2nd quarter valued at about $38,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DE shares. DA Davidson lowered 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. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. UBS Group restated a “buy” rating on shares of Deere & Company in a research report on Tuesday. Evercore ISI set a $491.00 price objective on shares of Deere & Company in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Stock Down 0.9%

Shares of NYSE:DE opened at $461.41 on Friday. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a 50 day moving average of $467.74 and a 200-day moving average of $489.69. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The stock has a market cap of $124.73 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.05 and a beta of 1.02.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.29 EPS. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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 dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s payout ratio is currently 33.87%.

Deere & Company Company Profile

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.