Creative Planning lessened its holdings in shares of Deere & Company (NYSE:DE) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,725 shares of the industrial products company’s stock after selling 2,754 shares during the period. Creative Planning’s holdings in Deere & Company were worth $5,973,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Deere & Company during the first quarter valued at approximately $100,000. Winthrop Partners WNY LLC purchased a new position in shares of Deere & Company during the first quarter valued at approximately $114,000. Clarus Wealth Advisors purchased a new position in shares of Deere & Company during the second quarter valued at approximately $118,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $122,000. Finally, Bedel Financial Consulting Inc. purchased a new position in shares of Deere & Company during the first quarter valued at approximately $128,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

Deere & Company opened at $137.17 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 1.64, a current ratio of 1.91 and a debt-to-equity ratio of 2.52. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.50 and a beta of 0.83. Deere & Company has a twelve month low of $112.87 and a twelve month high of $175.26.

Deere & Company (NYSE:DE) last posted its earnings results on Friday, May 18th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.19). The company had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.83 billion. Deere & Company had a return on equity of 27.67% and a net margin of 5.46%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 EPS. analysts anticipate that Deere & Company will post 9.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Friday, June 29th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.76 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Deere & Company’s previous quarterly dividend of $0.60. Deere & Company’s dividend payout ratio is currently 41.32%.

A number of brokerages recently issued reports on DE. UBS Group lowered their price target on Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a report on Friday. OTR Global lowered Deere & Company to a “$139.21” rating in a report on Wednesday. ValuEngine lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Bank of America upgraded Deere & Company from a “neutral” rating to a “buy” rating and set a $159.00 price target for the company in a report on Thursday, May 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $200.00 price target on shares of Deere & Company in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $178.70.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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