Solstein Capital LLC Has $47,000 Position in Deere & Company $DE

Solstein Capital LLC raised its stake in Deere & Company (NYSE:DE) by 93.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. Solstein Capital LLC’s holdings in Deere & Company were worth $47,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company in the second quarter valued at $25,000. Activest Wealth Management boosted its position 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 valued at $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC bought a new stake in shares of Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company in the second quarter valued at about $38,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 1.1%

DE opened at $477.76 on Tuesday. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a 50-day simple moving average of $469.62 and a 200 day simple moving average of $489.44. 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 has a market capitalization of $129.15 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 3.04 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the business posted $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. Analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid 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 yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DE. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research report on Tuesday, August 19th. DA Davidson reduced their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Royal Bank Of Canada began coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 target price for the company. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

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.