Asio Capital LLC Boosts Stake in Deere & Company $DE

Asio Capital LLC raised its stake in shares of Deere & Company (NYSE:DE) by 5.3% during the 2nd quarter, Holdings Channel reports. The fund owned 475 shares of the industrial products company’s stock after purchasing an additional 24 shares during the period. Asio Capital LLC’s holdings in Deere & Company were worth $242,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DE. Southland Equity Partners LLC raised its holdings in Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 20 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after buying an additional 21 shares during the last quarter. Tyler Stone Wealth Management raised its stake in shares of Deere & Company by 1.7% during the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 21 shares in the last quarter. McLean Asset Management Corp raised its stake in shares of Deere & Company by 4.0% during the 2nd quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 21 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Deere & Company by 2.4% during the first quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company’s stock valued at $434,000 after acquiring an additional 22 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on DE. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Robert W. Baird dropped their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday. Daiwa Capital Markets lowered their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Finally, Evercore ISI set a $491.00 price target on Deere & Company in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $518.06.

Deere & Company Stock Performance

DE opened at $465.09 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The firm has a 50 day moving average of $489.05 and a two-hundred day moving average of $489.85. The firm has a market capitalization of $125.73 billion, a PE ratio of 24.31, a P/E/G ratio of 2.99 and a beta of 1.00.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $6.29 earnings per share. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.