Halsey Associates Inc. CT Acquires 950 Shares of Deere & Company (DE)
Halsey Associates Inc. CT boosted its holdings in shares of Deere & Company (NYSE:DE) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,277 shares of the industrial products company’s stock after buying an additional 950 shares during the period. Deere & Company comprises 2.0% of Halsey Associates Inc. CT’s portfolio, making the stock its 20th largest holding. Halsey Associates Inc. CT’s holdings in Deere & Company were worth $11,316,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of DE. Engineers Gate Manager LP purchased a new position in shares of Deere & Company during the second quarter valued at approximately $587,000. Teacher Retirement System of Texas boosted its position in shares of Deere & Company by 3.0% during the second quarter. Teacher Retirement System of Texas now owns 62,313 shares of the industrial products company’s stock valued at $8,711,000 after buying an additional 1,827 shares during the period. Greenleaf Trust boosted its position in shares of Deere & Company by 55.8% during the second quarter. Greenleaf Trust now owns 3,155 shares of the industrial products company’s stock valued at $441,000 after buying an additional 1,130 shares during the period. Usca Ria LLC boosted its position in shares of Deere & Company by 20.3% during the second quarter. Usca Ria LLC now owns 3,080 shares of the industrial products company’s stock valued at $431,000 after buying an additional 520 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Deere & Company by 4.2% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 34,964 shares of the industrial products company’s stock valued at $4,888,000 after buying an additional 1,419 shares during the period. Hedge funds and other institutional investors own 65.54% of the company’s stock.
Several brokerages have issued reports on DE. UBS Group set a $177.00 target price on Deere & Company and gave the company a “buy” rating in a research report on Friday, November 23rd. Robert W. Baird set a $165.00 target price on Deere & Company and gave the company a “buy” rating in a research report on Monday, December 3rd. Zacks Investment Research restated a “hold” rating on shares of Deere & Company in a research report on Tuesday, November 13th. Argus boosted their target price on Deere & Company to $166.00 and gave the company a “buy” rating in a research report on Tuesday, November 27th. Finally, Cfra set a $158.00 target price on Deere & Company and gave the company a “hold” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $177.35.
Shares of NYSE DE opened at $149.01 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $47.93 billion, a P/E ratio of 15.87, a PEG ratio of 1.45 and a beta of 1.00. Deere & Company has a 52-week low of $128.32 and a 52-week high of $175.26.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.14). The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.59 billion. Deere & Company had a net margin of 6.34% and a return on equity of 29.61%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Analysts anticipate that Deere & Company will post 11.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Monday, December 31st will be issued a $0.76 dividend. This is a positive change from Deere & Company’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, December 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.04%. Deere & Company’s payout ratio is presently 29.39%.
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About Deere & Company
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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