D.A. Davidson & CO. Acquires 2,254 Shares of Deere & Company (NYSE:DE)

D.A. Davidson & CO. increased its stake in Deere & Company (NYSE:DE) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,205 shares of the industrial products company’s stock after purchasing an additional 2,254 shares during the period. D.A. Davidson & CO.’s holdings in Deere & Company were worth $31,803,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC increased its stake in shares of Deere & Company by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 24,060 shares of the industrial products company’s stock valued at $9,882,000 after buying an additional 1,059 shares during the period. Waverly Advisors LLC increased its stake in Deere & Company by 107.1% in the 1st quarter. Waverly Advisors LLC now owns 5,020 shares of the industrial products company’s stock valued at $2,062,000 after buying an additional 2,596 shares during the last quarter. Bayesian Capital Management LP bought a new position in Deere & Company in the 1st quarter valued at $904,000. Dynasty Wealth Management LLC purchased a new stake in Deere & Company during the first quarter worth about $588,000. Finally, Tidal Investments LLC raised its holdings in shares of Deere & Company by 2.3% in the 1st quarter. Tidal Investments LLC now owns 29,541 shares of the industrial products company’s stock worth $12,134,000 after purchasing an additional 677 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE DE opened at $462.81 on Tuesday. The company has a market capitalization of $126.62 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The company’s fifty day moving average price is $408.35 and its 200 day moving average price is $386.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.65. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company’s revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.26 EPS. On average, research analysts predict that Deere & Company will post 21.31 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.27%. Deere & Company’s payout ratio is currently 22.97%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DE shares. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note 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 for the company in a research report on Thursday, August 8th. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BMO Capital Markets initiated coverage on shares of Deere & Company in a report on Friday, August 9th. They set a “market perform” rating and a $400.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $433.00.

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.