Deere & Company $DE Stake Reduced by Csenge Advisory Group

Csenge Advisory Group reduced its stake in shares of Deere & Company (NYSE:DE) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,024 shares of the industrial products company’s stock after selling 166 shares during the quarter. Csenge Advisory Group’s holdings in Deere & Company were worth $2,037,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company during the second quarter worth about $25,000. Activest Wealth Management grew its position 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 worth $27,000 after purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC bought a new position in Deere & Company in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC grew its position 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 worth $31,000 after purchasing an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Deere & Company in the 2nd quarter worth about $38,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DE has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Robert W. Baird decreased their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Wolfe Research decreased their target price on shares of 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 investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Trading Up 1.2%

Shares of DE stock opened at $473.91 on Thursday. The stock has a 50-day simple moving average of $466.41 and a 200 day simple moving average of $490.01. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The stock has a market capitalization of $128.11 billion, a P/E ratio of 24.77, a P/E/G ratio of 3.05 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the business posted $6.29 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm 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 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 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.