Cutler Investment Counsel LLC Sells 1,324 Shares of Deere & Company (NYSE:DE)

Cutler Investment Counsel LLC lessened its position in Deere & Company (NYSE:DE - Free Report) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,788 shares of the industrial products company's stock after selling 1,324 shares during the quarter. Deere & Company makes up about 1.9% of Cutler Investment Counsel LLC's portfolio, making the stock its 15th biggest position. Cutler Investment Counsel LLC's holdings in Deere & Company were worth $14,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DE. Pathway Financial Advisers LLC boosted its stake in shares of Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after acquiring an additional 852,885 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after buying an additional 770,451 shares in the last quarter. Swedbank AB acquired a new position in Deere & Company in the 1st quarter worth about $191,628,000. Mawer Investment Management Ltd. acquired a new position in Deere & Company in the 2nd quarter worth about $166,937,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Deere & Company by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock valued at $802,037,000 after buying an additional 279,627 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

DE traded up $4.31 during mid-day trading on Friday, reaching $398.95. 1,168,176 shares of the company traded hands, compared to its average volume of 1,431,512. The stock has a market capitalization of $109.15 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.48 and a beta of 0.93. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The company's fifty day moving average price is $404.03 and its 200-day moving average price is $385.69. Deere & Company has a 52-week low of $340.20 and a 52-week high of $420.47.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating analysts' consensus estimates of $5.63 by $0.66. The business had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company's quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $10.20 EPS. On average, sell-side analysts expect that Deere & Company will post 25 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were paid a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company's dividend payout ratio (DPR) is 20.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DE shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets started coverage on Deere & Company in a report on Friday, August 9th. They issued a "market perform" rating and a $400.00 price target for the company. HSBC lowered Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a research note on Friday, October 11th. Finally, Morgan Stanley lowered their price target on Deere & Company from $450.00 to $425.00 and set an "overweight" rating on the stock in a research report on Monday, August 26th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $420.69.

About Deere & Company

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.