Ameriflex Group Inc. Boosts Stock Position in Deere & Company $DE

Ameriflex Group Inc. boosted its holdings in shares of Deere & Company (NYSE:DE) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 577 shares of the industrial products company’s stock after acquiring an additional 47 shares during the quarter. Ameriflex Group Inc.’s holdings in Deere & Company were worth $293,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC purchased a new position in Deere & Company during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC boosted its holdings in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in Deere & Company during the 2nd quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Deere & Company during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Daiwa Capital Markets lowered their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Finally, Robert W. Baird lowered their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $518.18.

Deere & Company Trading Up 0.2%

Shares of NYSE DE opened at $462.59 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The stock has a market capitalization of $125.05 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.97 and a beta of 1.02. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The business has a fifty day moving average price of $484.64 and a 200 day moving average price of $489.09.

Deere & Company (NYSE:DE) last issued 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. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.29 EPS. Equities research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

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.