Deere & Company $DE Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its holdings in shares of Deere & Company (NYSE:DE) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,504 shares of the industrial products company’s stock after selling 137 shares during the quarter. Foster & Motley Inc.’s holdings in Deere & Company were worth $1,273,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Southland Equity Partners LLC boosted its holdings in shares of Deere & Company by 3.9% during 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 during the last quarter. Vivid Wealth Management LLC raised its position in shares of Deere & Company by 1.9% in the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after buying an additional 20 shares during the period. Werba Rubin Papier Wealth Management raised its position in shares of Deere & Company by 3.0% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after buying an additional 20 shares during the period. Chicago Partners Investment Group LLC raised 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 period. Finally, Tyler Stone Wealth Management raised its position in shares of Deere & Company by 1.7% in the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.3%

Shares of NYSE DE opened at $458.63 on Friday. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The firm has a market cap of $123.98 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.95 and a beta of 1.02. 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’s 50-day simple moving average is $473.24 and its 200-day simple moving average is $487.60.

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

Deere & Company Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on DE. Robert W. Baird cut their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Oppenheimer cut their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. UBS Group set a $535.00 target price on Deere & Company and gave the stock a “buy” rating in a research report on Friday. Daiwa Capital Markets cut their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. cut their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $517.35.

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.