Deere & Company (NYSE:DE) Shares Sold by Csenge Advisory Group

Csenge Advisory Group lowered its position in Deere & Company (NYSE:DE) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,515 shares of the industrial products company’s stock after selling 102 shares during the quarter. Csenge Advisory Group’s holdings in Deere & Company were worth $940,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its position in shares of Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Pineridge Advisors LLC grew its position in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Deere & Company during the 4th quarter valued at about $28,000. Naples Money Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $29,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.9 %

Deere & Company stock opened at $349.13 on Friday. The business has a 50 day moving average price of $369.03 and a two-hundred day moving average price of $381.96. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. The stock has a market cap of $96.21 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. Deere & Company has a 12 month low of $340.20 and a 12 month high of $441.46.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the firm posted $9.65 EPS. Deere & Company’s quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 25.41 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 28th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.68%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DE has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Deere & Company in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $395.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday. Truist Financial decreased their target price on shares of Deere & Company from $460.00 to $439.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. DA Davidson decreased their target price on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Finally, Raymond James began coverage on shares of Deere & Company in a research note on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus price target of $424.78.

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.