Transcend Capital Advisors LLC Grows Holdings in Deere & Company $DE

Transcend Capital Advisors LLC grew its holdings in Deere & Company (NYSE:DE) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 782 shares of the industrial products company’s stock after purchasing an additional 34 shares during the period. Transcend Capital Advisors LLC’s holdings in Deere & Company were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Deere & Company in the second quarter worth $25,000. Activest Wealth Management grew its position in shares of Deere & Company by 2,750.0% during the 1st 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 position in shares of Deere & Company during the 1st quarter worth $29,000. Cornerstone Planning Group LLC grew its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock opened at $473.16 on Thursday. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The stock’s 50-day moving average is $468.82 and its 200 day moving average is $489.70. The company has a market cap of $127.91 billion, a P/E ratio of 24.73, a PEG ratio of 3.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DE. JPMorgan Chase & Co. dropped their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Royal Bank Of Canada began coverage on Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target on the stock. Citigroup dropped their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.