Deere & Company $DE Shares Acquired by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. boosted its holdings in Deere & Company (NYSE:DE) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,090 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Deere & Company were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Southland Equity Partners LLC grew its holdings in Deere & Company by 3.9% in the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares during the period. Vivid Wealth Management LLC boosted its position in shares of Deere & Company by 1.9% in the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 20 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its position in shares of Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. grew its holdings in Deere & Company by 2.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $492,000 after purchasing an additional 20 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 21 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Down 1.8%

Shares of NYSE DE opened at $466.98 on Monday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company has a market cap of $126.24 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.05 and a beta of 1.04. 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 fifty day moving average price of $465.84 and a 200 day moving average price of $490.56.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.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 firm posted $6.29 earnings per share. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on DE. JPMorgan Chase & Co. cut their price target 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. Jefferies Financial Group dropped 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 reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday. DA Davidson lowered their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Finally, Wolfe Research dropped their price target 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & 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.