Deere & Company $DE Shares Purchased by Savant Capital LLC

Savant Capital LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,856 shares of the industrial products company’s stock after acquiring an additional 405 shares during the period. Savant Capital LLC’s holdings in Deere & Company were worth $7,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company during the second quarter valued at 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 valued at $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC increased its stake in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company during the 2nd quarter worth about $38,000. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of several recent analyst reports. Oppenheimer decreased their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Citigroup cut their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, DA Davidson cut their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Stock Performance

DE opened at $466.98 on Friday. The firm has a market cap of $126.24 billion, a PE ratio of 24.41, 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. The business has a fifty day simple moving average of $465.84 and a 200-day simple moving average of $490.08. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

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. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.29 earnings per share. As a group, equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

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.