Empower Advisory Group LLC Has $14.34 Million Stock Position in Deere & Company $DE

Empower Advisory Group LLC lessened its holdings in Deere & Company (NYSE:DE) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,193 shares of the industrial products company’s stock after selling 521 shares during the quarter. Empower Advisory Group LLC’s holdings in Deere & Company were worth $14,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. OLD National Bancorp IN grew its stake in Deere & Company by 2.6% during the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after purchasing an additional 610 shares during the period. Providence Capital Advisors LLC boosted its holdings in shares of Deere & Company by 2.1% during the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after buying an additional 303 shares in the last quarter. Bragg Financial Advisors Inc boosted its holdings in shares of Deere & Company by 12.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after buying an additional 813 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Deere & Company during the 1st quarter worth approximately $13,588,000. Finally, United Asset Strategies Inc. bought a new stake in shares of Deere & Company in the 1st quarter valued at $2,496,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.5%

DE stock opened at $475.76 on Friday. Deere & Company has a twelve month low of $390.00 and a twelve month 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 stock’s 50 day moving average is $466.04 and its 200-day moving average is $490.89. The firm has a market capitalization of $128.61 billion, a PE ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company posted $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. Sell-side analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced 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 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 presently 33.87%.

Analyst Ratings Changes

A number of equities research analysts have commented on DE shares. Sanford C. Bernstein raised their price target on shares of Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. Evercore ISI set a $491.00 target price on Deere & Company in a research report on Tuesday, August 19th. Royal Bank Of Canada initiated coverage on Deere & Company in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price target on the stock. Finally, Daiwa Capital Markets decreased their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $520.05.

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.