Deere & Company $DE Shares Sold by Northstar Advisory Group LLC

Northstar Advisory Group LLC cut its stake in shares of Deere & Company (NYSE:DE) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,411 shares of the industrial products company’s stock after selling 91 shares during the period. Northstar Advisory Group LLC’s holdings in Deere & Company were worth $1,226,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DE. GAMMA Investing LLC grew its holdings in shares of Deere & Company by 61,215.9% during the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company’s stock worth $822,781,000 after buying an additional 1,750,163 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Deere & Company in the first quarter valued at about $571,073,000. Voya Investment Management LLC grew its holdings in shares of Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after purchasing an additional 361,526 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $149,057,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after purchasing an additional 286,253 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 1.1%

Shares of NYSE:DE opened at $471.35 on Monday. The stock has a market cap of $127.42 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.02 and a beta of 1.00. Deere & Company has a fifty-two week low of $386.42 and a fifty-two week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average price is $497.38 and its 200 day moving average price is $490.39.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $6.29 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DE shares. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Evercore ISI set a $491.00 price objective on shares of Deere & Company in a report on Tuesday, August 19th. BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Truist Financial lowered their target price on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Finally, Robert W. Baird lowered their target price on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $520.87.

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.