Deere & Company $DE Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC reduced its position in Deere & Company (NYSE:DE) by 95.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946 shares of the industrial products company’s stock after selling 18,562 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Deere & Company were worth $444,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. CANADA LIFE ASSURANCE Co purchased a new position in shares of Deere & Company in the 4th quarter valued at about $2,110,000. MGO One Seven LLC boosted its stake in shares of Deere & Company by 28.5% in the 4th quarter. MGO One Seven LLC now owns 3,884 shares of the industrial products company’s stock valued at $1,646,000 after buying an additional 861 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Deere & Company in the 4th quarter valued at about $22,940,000. Finally, Burling Wealth Partners LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $225,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

DE stock opened at $495.0920 on Friday. The business has a 50 day moving average price of $508.58 and a 200 day moving average price of $490.43. The stock has a market cap of $134.09 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.11 and a beta of 1.06. Deere & Company has a fifty-two week low of $374.46 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.

Deere & Company (NYSE:DE) last posted its 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 during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.29 earnings per share. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, June 30th were paid a $1.62 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. Deere & Company’s payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. Citigroup decreased their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 30th. Bank of America lifted their price objective on Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Finally, Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $523.87.

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.