Deere & Company $DE Holdings Reduced by Amalgamated Bank

Amalgamated Bank decreased its position in Deere & Company (NYSE:DE) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,967 shares of the industrial products company’s stock after selling 79 shares during the period. Amalgamated Bank’s holdings in Deere & Company were worth $24,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Prairie Wealth Advisors Inc. grew its position in Deere & Company by 2.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after purchasing an additional 20 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Deere & Company by 41.4% in the 2nd quarter. Atria Investments Inc now owns 17,927 shares of the industrial products company’s stock worth $9,116,000 after acquiring an additional 5,249 shares during the period. Savvy Advisors Inc. lifted its stake in shares of Deere & Company by 10.4% in the 2nd quarter. Savvy Advisors Inc. now owns 3,102 shares of the industrial products company’s stock worth $1,577,000 after acquiring an additional 291 shares during the period. Grant Street Asset Management Inc. lifted its stake in shares of Deere & Company by 30.2% in the 2nd quarter. Grant Street Asset Management Inc. now owns 569 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 132 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Deere & Company by 10.8% in the 2nd quarter. Assetmark Inc. now owns 33,049 shares of the industrial products company’s stock worth $16,805,000 after acquiring an additional 3,218 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 1.1%

DE stock opened at $473.16 on Thursday. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a market cap of $127.91 billion, a PE ratio of 24.73, a P/E/G ratio of 3.01 and a beta of 1.02. The firm has a 50 day simple moving average of $468.82 and a 200 day simple moving average of $489.70. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

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, beating the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.29 EPS. Equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

DE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Truist Financial upped their price target on shares of Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Robert W. Baird reduced their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Jefferies Financial Group reduced their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research note on Wednesday, October 8th. Finally, Citigroup cut their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.72.

Deere & 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.