Deere & Company $DE Shares Purchased by DJE Kapital AG

DJE Kapital AG increased its position in shares of Deere & Company (NYSE:DE) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,779 shares of the industrial products company’s stock after buying an additional 6,021 shares during the period. DJE Kapital AG’s holdings in Deere & Company were worth $46,805,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $25,000. Activest Wealth Management increased its stake in shares of 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 purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company in the 1st quarter worth about $29,000. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company in the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Deere & Company during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.8%

Shares of DE opened at $466.98 on Friday. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78. The stock has a market cap of $126.24 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The firm’s fifty day moving average is $465.84 and its two-hundred day moving average is $490.33. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for 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 company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $6.29 earnings per share. Research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Oppenheimer cut their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group dropped their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. Finally, 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 report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $518.72.

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.