Deere & Company $DE Shares Sold by Doliver Advisors LP

Doliver Advisors LP cut its stake in Deere & Company (NYSE:DE) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,377 shares of the industrial products company’s stock after selling 84 shares during the period. Doliver Advisors LP’s holdings in Deere & Company were worth $700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Deere & Company by 2,750.0% in the first 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 during the period. Hughes Financial Services LLC purchased a new position in Deere & Company in the first quarter valued at $29,000. Cornerstone Planning Group LLC boosted its holdings in Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Orion Capital Management LLC purchased a new position in Deere & Company in the fourth quarter valued at $34,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Deere & Company in the fourth quarter valued at $39,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson decreased their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Oppenheimer lifted their price target on Deere & Company from $560.00 to $566.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Robert W. Baird decreased their price target on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Finally, Citigroup decreased their price target on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $520.87.

Deere & Company Stock Down 1.1%

DE opened at $471.35 on Friday. The business’s 50-day simple moving average is $497.38 and its 200-day simple moving average is $490.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a one year low of $386.42 and a one year high of $533.78. The stock has a market capitalization of $127.42 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 3.06 and a beta of 1.00.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the firm earned $6.29 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business 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 yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio 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.