Mutual of America Capital Management LLC Reduces Holdings in Deere & Company (NYSE:DE)

Mutual of America Capital Management LLC decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,131 shares of the industrial products company's stock after selling 3,048 shares during the period. Mutual of America Capital Management LLC's holdings in Deere & Company were worth $15,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Mattern Wealth Management LLC raised its stake in shares of Deere & Company by 1.3% in the third quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after acquiring an additional 25 shares during the period. Carret Asset Management LLC grew its holdings in Deere & Company by 0.3% during the 3rd quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock valued at $3,401,000 after purchasing an additional 25 shares during the last quarter. Round Rock Advisors LLC grew its holdings in Deere & Company by 2.0% during the 3rd quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock valued at $522,000 after purchasing an additional 25 shares during the last quarter. Centaurus Financial Inc. raised its position in Deere & Company by 2.3% in the 2nd quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company's stock worth $433,000 after purchasing an additional 26 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in Deere & Company by 0.7% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company's stock worth $1,459,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 1.1 %

Shares of DE traded up $4.31 during trading hours on Friday, hitting $398.95. The company had a trading volume of 1,168,176 shares, compared to its average volume of 1,015,799. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $109.15 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The company's fifty day moving average price is $404.03 and its two-hundred day moving average price is $385.65.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping analysts' consensus estimates of $5.63 by $0.66. The business had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm's revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the company posted $10.20 earnings per share. As a group, equities analysts forecast that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend 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 presently 20.06%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DE. Morgan Stanley cut their target price on Deere & Company from $450.00 to $425.00 and set an "overweight" rating on the stock in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th. Bank of America lifted their target price on Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Hsbc Global Res cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. Finally, BMO Capital Markets assumed coverage on shares of Deere & Company in a report on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.