First Eagle Investment Management LLC Trims Position in Deere & Company $DE

First Eagle Investment Management LLC lessened its holdings in shares of Deere & Company (NYSE:DE) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 512,633 shares of the industrial products company’s stock after selling 17,540 shares during the period. First Eagle Investment Management LLC’s holdings in Deere & Company were worth $260,669,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DE. Brighton Jones LLC increased its position in shares of Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in Deere & Company by 3.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,409 shares of the industrial products company’s stock valued at $1,131,000 after acquiring an additional 81 shares in the last quarter. Stratos Investment Management LLC bought a new stake in Deere & Company during the 1st quarter valued at approximately $271,000. Stratos Wealth Advisors LLC grew its holdings in shares of Deere & Company by 4.7% during the 1st quarter. Stratos Wealth Advisors LLC now owns 1,437 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 65 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of Deere & Company by 1.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 8,556 shares of the industrial products company’s stock worth $4,016,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DE shares. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. UBS Group reissued a “buy” rating on shares of Deere & Company in a research report on Tuesday, October 28th. Oppenheimer dropped their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. Robert W. Baird reduced 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 report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Trading Up 0.2%

NYSE DE opened at $474.73 on Friday. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. 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’s fifty day moving average price is $466.07 and its 200-day moving average price is $489.91. The stock has a market cap of $128.33 billion, a P/E ratio of 24.82, a P/E/G ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its quarterly 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 net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the business posted $6.29 EPS. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company 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 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 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.