Allied Investment Advisors LLC Buys 494 Shares of Deere & Company $DE

Allied Investment Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,369 shares of the industrial products company’s stock after buying an additional 494 shares during the quarter. Deere & Company accounts for 2.4% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Allied Investment Advisors LLC’s holdings in Deere & Company were worth $13,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company in the 2nd quarter valued at $25,000. Activest Wealth Management grew its stake in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC bought a new position in Deere & Company in the 1st quarter valued at $29,000. Cornerstone Planning Group LLC grew its stake in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Deere & Company during the 2nd quarter valued at $38,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DE shares. Evercore ISI set a $491.00 price target on Deere & Company in a research note on Tuesday, August 19th. Royal Bank Of Canada started coverage on Deere & Company in a research note on Wednesday. They set an “outperform” rating and a $542.00 price target for the company. Citigroup cut their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. 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 research note on Monday, August 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Stock Performance

Shares of DE opened at $473.01 on Friday. The stock’s 50-day simple moving average is $469.88 and its 200 day simple moving average is $488.49. The stock has a market capitalization of $127.87 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.02 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. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings data 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. The business had revenue of $10.36 billion for 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 quarter in the prior year, the firm posted $6.29 EPS. Research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a $1.62 dividend. 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 (DPR) is presently 33.87%.

Deere & Company Company Profile

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.