Sigma Planning Corp Purchases 949 Shares of Deere & Company $DE

Sigma Planning Corp grew its position in Deere & Company (NYSE:DE) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,161 shares of the industrial products company’s stock after purchasing an additional 949 shares during the period. Sigma Planning Corp’s holdings in Deere & Company were worth $5,472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its position in Deere & Company by 3.2% in the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 16 shares during the period. Concorde Asset Management LLC increased its stake in Deere & Company by 3.0% during the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 17 shares during the last quarter. MCF Advisors LLC raised its position in Deere & Company by 0.9% in the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after purchasing an additional 17 shares during the period. XY Planning Network Inc. raised its position in Deere & Company by 2.3% in the third quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 17 shares during the period. Finally, CRA Financial Services LLC raised its position in Deere & Company by 1.4% in the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock valued at $822,000 after purchasing an additional 17 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DE shares. Nomura raised Deere & Company to a “buy” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Finally, UBS Group cut their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Stock Performance

Deere & Company stock opened at $640.69 on Tuesday. The stock has a fifty day moving average price of $658.72 and a 200 day moving average price of $600.08. Deere & Company has a 52 week low of $454.50 and a 52 week high of $721.22. The firm has a market capitalization of $172.74 billion, a P/E ratio of 35.59, a PEG ratio of 2.36 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period last year, the company earned $4.75 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is presently 36.00%.

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.