Asset Advisors Investment Management LLC decreased its position in shares of Deere & Company (NYSE:DE - Free Report) by 20.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,306 shares of the industrial products company's stock after selling 2,955 shares during the quarter. Asset Advisors Investment Management LLC's holdings in Deere & Company were worth $4,718,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the 2nd quarter valued at $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company during the 3rd quarter worth $32,000. Centennial Bank AR lifted its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after buying an additional 84 shares during the period. Continuum Advisory LLC grew its position in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after buying an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Deere & Company in the third quarter valued at about $47,000. 68.58% of the stock is owned by institutional investors.
Deere & Company Stock Up 0.2 %
Shares of DE traded up $0.96 during trading hours on Friday, reaching $440.44. 880,566 shares of the stock traded hands, compared to its average volume of 1,439,229. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The company has a market cap of $120.50 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.91 and a beta of 0.96. The stock has a fifty day simple moving average of $419.96 and a 200 day simple moving average of $392.05. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company's revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.26 EPS. On average, equities analysts forecast that Deere & Company will post 19.52 EPS for the current year.
Deere & Company Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company's payout ratio is presently 22.97%.
Wall Street Analyst Weigh In
A number of analysts have commented on DE shares. Hsbc Global Res cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. UBS Group upped their target price on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Barclays raised their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Evercore ISI boosted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average price target of $443.28.
Get Our Latest Analysis on DE
Deere & 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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