Quantinno Capital Management LP cut its stake in Deere & Company (NYSE:DE - Free Report) by 31.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,352 shares of the industrial products company's stock after selling 8,569 shares during the period. Quantinno Capital Management LP's holdings in Deere & Company were worth $7,659,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the third quarter worth $32,000. Centennial Bank AR lifted its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares during the period. Briaud Financial Planning Inc boosted its holdings in shares of Deere & Company by 73.5% during the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock valued at $44,000 after buying an additional 50 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Deere & Company in the 3rd quarter worth about $47,000. 68.58% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on DE shares. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target on the stock. in a research report on Friday. HSBC lowered Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI raised their price target on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a 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's stock. According to MarketBeat.com, Deere & Company presently has an average rating of "Hold" and an average price target of $440.50.
View Our Latest Stock Analysis on DE
Deere & Company Stock Performance
Shares of DE stock traded down $4.19 during mid-day trading on Friday, reaching $443.94. 1,129,945 shares of the company's stock traded hands, compared to its average volume of 1,444,930. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The firm has a market capitalization of $121.46 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The firm has a 50 day moving average price of $417.01 and a two-hundred day moving average price of $389.92.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the company posted $8.26 earnings per share. Deere & Company's revenue for the quarter was down 32.8% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 19.52 EPS for the current year.
Deere & Company Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.46%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's payout ratio is currently 25.31%.
Deere & Company Company Profile
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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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