Deere & Company $DE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Deere & Company (NYSE:DE) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 309,255 shares of the industrial products company’s stock after selling 5,802 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Deere & Company worth $157,253,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company during the 2nd quarter valued at about $25,000. Activest Wealth Management raised its stake in Deere & Company by 2,750.0% during the first 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 period. Marshall & Sullivan Inc. WA purchased a new position in Deere & Company during the second quarter worth about $38,000. Center for Financial Planning Inc. boosted its holdings in Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $39,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DE. DA Davidson reduced their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company began coverage on Deere & Company in a research note on Thursday. They set an “overweight” rating and a $543.00 target price for the company. Royal Bank Of Canada began coverage on Deere & Company in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price target on the stock. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Finally, UBS Group restated a “buy” rating on shares of Deere & Company in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $520.05.

Deere & Company Price Performance

DE opened at $475.76 on Friday. The stock’s 50-day moving average price is $466.04 and its 200 day moving average price is $490.89. Deere & Company has a 12-month low of $390.00 and a 12-month high of $533.78. The firm has a market cap of $128.61 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.05 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last issued its quarterly 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 company 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 business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.29 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a $1.62 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. 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.