Deere & Company $DE Shares Sold by Dynamic Financial Group

Dynamic Financial Group decreased its holdings in shares of Deere & Company (NYSE:DE) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,327 shares of the industrial products company’s stock after selling 41 shares during the period. Deere & Company makes up about 5.1% of Dynamic Financial Group’s portfolio, making the stock its 3rd largest position. Dynamic Financial Group’s holdings in Deere & Company were worth $5,251,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company during the first quarter worth $29,000. Cornerstone Planning Group LLC raised its holdings in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Deere & Company during the second quarter worth $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DE shares. JPMorgan Chase & Co. lowered their price objective on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. Wolfe Research lowered their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup lowered their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, Oppenheimer lowered their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Price Performance

DE opened at $446.76 on Monday. The firm has a market cap of $120.77 billion, a P/E ratio of 23.35, a PEG ratio of 2.87 and a beta of 1.02. The firm has a 50-day moving average of $479.15 and a 200 day moving average of $488.45. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.29 earnings per share. On average, research analysts expect 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. Investors of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.5%. Deere & Company’s dividend payout ratio is presently 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.