Kerrisdale Advisers LLC Sells 7,203 Shares of Deere & Company (NYSE:DE)

Kerrisdale Advisers LLC reduced its position in shares of Deere & Company (NYSE:DEFree Report) by 72.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,772 shares of the industrial products company’s stock after selling 7,203 shares during the period. Kerrisdale Advisers LLC’s holdings in Deere & Company were worth $1,046,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Retirement Group LLC lifted its holdings in Deere & Company by 264.7% in the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after buying an additional 45 shares during the period. Briaud Financial Planning Inc bought a new position in shares of Deere & Company during the third quarter valued at approximately $25,000. Worth Asset Management LLC purchased a new stake in Deere & Company in the first quarter worth $28,000. Milestone Investment Advisors LLC bought a new stake in Deere & Company in the third quarter valued at $37,000. Finally, Rational Advisors LLC purchased a new position in Deere & Company during the 3rd quarter valued at $41,000. 66.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DE. TD Cowen reduced their price target on shares of Deere & Company from $438.00 to $396.00 and set a “market perform” rating on the stock in a research report on Friday, November 24th. Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. lifted their price target on Deere & Company from $380.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, December 4th. Morgan Stanley assumed coverage on Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $428.58.

Read Our Latest Report on DE

Deere & Company Stock Down 0.9 %

Shares of Deere & Company stock traded down $3.43 on Monday, reaching $364.42. The company’s stock had a trading volume of 985,222 shares, compared to its average volume of 1,552,093. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The firm’s fifty day simple moving average is $384.10 and its two-hundred day simple moving average is $383.88. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $101.44 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.38 and a beta of 1.03.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. Deere & Company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company earned $6.55 EPS. Equities analysts anticipate that Deere & Company will post 27.47 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.61%. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Deere & Company Company Profile

(Free Report)

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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