Cobblestone Capital Advisors LLC NY Sells 27 Shares of Deere & Company $DE

Cobblestone Capital Advisors LLC NY decreased its stake in shares of Deere & Company (NYSE:DE) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,082 shares of the industrial products company’s stock after selling 27 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Deere & Company were worth $1,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Deere & Company by 0.8% in the first quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company’s stock valued at $10,355,546,000 after acquiring an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after acquiring an additional 286,253 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Deere & Company by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock valued at $852,254,000 after acquiring an additional 35,075 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Deere & Company by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock valued at $727,046,000 after acquiring an additional 25,725 shares during the period. Finally, Invesco Ltd. increased its stake in Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after acquiring an additional 256,806 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DE shares. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Robert W. Baird lowered their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. lowered their target price on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. UBS Group set a $535.00 price objective on shares of Deere & Company and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Jefferies Financial Group decreased their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $473.01 on Monday. 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 stock has a market capitalization of $127.87 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.04 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 firm’s 50-day moving average price is $469.88 and its two-hundred day moving average price is $489.27.

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 the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the firm earned $6.29 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders of record on Tuesday, September 30th will be given 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 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.