Deere & Company $DE Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its holdings in shares of Deere & Company (NYSE:DE) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,417 shares of the industrial products company’s stock after selling 38,832 shares during the period. Deere & Company comprises approximately 1.4% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 19th largest holding. Mawer Investment Management Ltd. owned approximately 0.21% of Deere & Company worth $284,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. purchased a new position in Deere & Company during the second quarter valued at $25,000. Activest Wealth Management raised its position in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC purchased a new position in Deere & Company in the 1st quarter valued at about $29,000. Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company in the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Deere & Company in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. Evercore ISI set a $491.00 target price on Deere & Company in a report on Tuesday, August 19th. Daiwa Capital Markets dropped their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. Citigroup decreased their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Finally, Wolfe Research dropped their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Up 1.6%

Shares of NYSE:DE opened at $475.08 on Tuesday. 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 $128.43 billion, a P/E ratio of 24.83, a PEG ratio of 3.05 and a beta of 1.04. The business has a fifty day moving average of $465.76 and a two-hundred day moving average of $490.64. 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 announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm 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 company posted $6.29 EPS. The company’s revenue was down 9.0% compared to the same quarter last year. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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