Kidder Stephen W Sells 140 Shares of Deere & Company $DE

Kidder Stephen W lessened its position in shares of Deere & Company (NYSE:DE) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,565 shares of the industrial products company’s stock after selling 140 shares during the quarter. Deere & Company makes up approximately 1.0% of Kidder Stephen W’s investment portfolio, making the stock its 28th largest holding. Kidder Stephen W’s holdings in Deere & Company were worth $3,338,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DE. Activest Wealth Management grew 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 buying an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Deere & Company in the first quarter worth $29,000. Cornerstone Planning Group LLC grew its stake in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the second quarter valued at $38,000. Finally, Livelsberger Financial Advisory bought a new position in Deere & Company in the second quarter valued at about $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $461.08 on Wednesday. The firm has a market capitalization of $124.64 billion, a P/E ratio of 24.10, a PEG ratio of 2.94 and a beta of 1.02. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average is $482.54 and its two-hundred day moving average is $488.94.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating 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 business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $6.29 EPS. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on DE shares. Robert W. Baird dropped 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. Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. DA Davidson cut their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Finally, Wolfe Research lowered their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $518.18.

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.