Deere & Company $DE Stake Lessened by VUB Generali dochodkova spravcovska spolocnost a.s.

VUB Generali dochodkova spravcovska spolocnost a.s. decreased its stake in Deere & Company (NYSE:DE) by 65.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643 shares of the industrial products company’s stock after selling 1,219 shares during the period. VUB Generali dochodkova spravcovska spolocnost a.s.’s holdings in Deere & Company were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its stake in Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 16 shares in the last quarter. Concorde Asset Management LLC lifted its position in Deere & Company by 3.0% in the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 17 shares during the last quarter. MCF Advisors LLC boosted its stake in Deere & Company by 0.9% in the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares in the last quarter. XY Planning Network Inc. boosted its stake in Deere & Company by 2.3% in the third quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 17 shares in the last quarter. Finally, CRA Financial Services LLC boosted its stake in Deere & Company by 1.4% in the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock valued at $822,000 after acquiring an additional 17 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $640.69 on Tuesday. The firm’s fifty day simple moving average is $658.72 and its 200-day simple moving average is $600.08. The stock has a market capitalization of $172.74 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.36 and a beta of 0.86. Deere & Company has a 12 month low of $454.50 and a 12 month high of $721.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.75 EPS. As a group, equities analysts forecast that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.

Wall Street Analysts Forecast Growth

DE has been the topic of several research reports. Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a research report on Monday, August 24th. Citigroup upped their target price on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Barclays raised their price target on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.