Impact Capital Partners LLC Sells 103 Shares of Deere & Company $DE

Impact Capital Partners LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,234 shares of the industrial products company’s stock after selling 103 shares during the period. Impact Capital Partners LLC’s holdings in Deere & Company were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Activest Wealth Management lifted its holdings in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new stake in Deere & Company during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its stake in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in Deere & Company in the 2nd quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in Deere & Company in the 2nd quarter valued at $39,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $456.78 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $123.48 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.00. The business’s 50-day moving average price is $488.06 and its 200-day moving average price is $489.62. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the business earned $6.29 earnings per share. Sell-side analysts forecast that Deere & Company will post 19.32 EPS 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. Investors of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

DE has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Daiwa Capital Markets cut 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 analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $518.06.

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.