Trivium Point Advisory LLC Buys 39 Shares of Deere & Company $DE

Trivium Point Advisory LLC increased its stake in Deere & Company (NYSE:DE) by 7.3% in the second quarter, Holdings Channel reports. The institutional investor owned 571 shares of the industrial products company’s stock after acquiring an additional 39 shares during the period. Trivium Point Advisory LLC’s holdings in Deere & Company were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DE. Assenagon Asset Management S.A. increased its stake in Deere & Company by 58.9% in the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock worth $6,395,000 after purchasing an additional 5,053 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Deere & Company by 10.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock worth $3,863,000 after purchasing an additional 798 shares during the period. Providence Capital Advisors LLC increased its stake in Deere & Company by 2.1% in the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after purchasing an additional 303 shares during the period. Bragg Financial Advisors Inc increased its stake in Deere & Company by 12.7% in the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 813 shares during the period. Finally, ASR Vermogensbeheer N.V. purchased a new stake in Deere & Company in the first quarter worth $13,588,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. JPMorgan Chase & Co. reduced their target price on Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. DA Davidson cut their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Evercore ISI set a $491.00 price target on Deere & Company in a research note on Tuesday, August 19th. Finally, Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $518.06.

Deere & Company Price Performance

Shares of DE stock opened at $451.43 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 $486.80 and its 200 day moving average is $489.36. The company has a market cap of $122.04 billion, a P/E ratio of 23.60, a PEG ratio of 2.94 and a beta of 1.03. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend 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 presently 33.87%.

Deere & Company 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.