Deere & Company $DE Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC cut its holdings in shares of Deere & Company (NYSE:DE) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,492 shares of the industrial products company’s stock after selling 104 shares during the period. LexAurum Advisors LLC’s holdings in Deere & Company were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DE. Nuveen LLC acquired a new position in Deere & Company in the first quarter worth about $571,073,000. Voya Investment Management LLC grew its stake in Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after acquiring an additional 286,253 shares during the last quarter. Sarasin & Partners LLP lifted its holdings in Deere & Company by 50.4% in the first quarter. Sarasin & Partners LLP now owns 771,866 shares of the industrial products company’s stock worth $362,275,000 after acquiring an additional 258,522 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after acquiring an additional 256,806 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.2%

NYSE DE opened at $465.09 on Tuesday. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a market cap of $125.73 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 2.99 and a beta of 1.00. The firm’s 50 day moving average price is $489.05 and its two-hundred day moving average price is $489.85.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $10.33 billion. During the same period in the previous year, the company posted $6.29 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DE. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson decreased their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Truist Financial decreased their price target on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Evercore ISI set a $491.00 price target on shares of Deere & Company in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average target price of $518.06.

About Deere & Company

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.