1,315 Shares in Deere & Company $DE Bought by Seamount Financial Group Inc.

Key Points

• Seamount Financial Group Inc. has acquired 1,315 shares of Deere & Company, totaling approximately $669,000, as part of their investment strategy in the 2nd quarter.
• Deere & Company reported a quarterly earnings per share (EPS) of $4.75, surpassing analysts' expectations of $4.62, although revenue decreased by 9.0% year-over-year.
• The company has declared a quarterly dividend of $1.62 per share, reflecting an annualized yield of 1.4%, to be paid on November 10th to shareholders of record on September 30th.

Seamount Financial Group Inc. bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,315 shares of the industrial products company's stock, valued at approximately $669,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after purchasing an additional 1,278 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Deere & Company by 15.1% in the 1st quarter. Sivia Capital Partners LLC now owns 549 shares of the industrial products company's stock valued at $258,000 after purchasing an additional 72 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Deere & Company by 10.2% in the 1st quarter. Wedmont Private Capital now owns 3,067 shares of the industrial products company's stock valued at $1,408,000 after purchasing an additional 285 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Deere & Company by 16.5% during the first quarter. Park Avenue Securities LLC now owns 5,503 shares of the industrial products company's stock worth $2,583,000 after buying an additional 779 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Deere & Company by 8.3% during the first quarter. Wedge Capital Management L L P NC now owns 12,114 shares of the industrial products company's stock worth $5,686,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $457.47 on Tuesday. The business has a 50-day simple moving average of $483.57 and a 200 day simple moving average of $489.14. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm has a market capitalization of $123.67 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.98 and a beta of 1.02.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analysts' expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.29 earnings per share. On average, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm 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 $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 presently 33.87%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI set a $491.00 price target on shares of Deere & Company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Wolfe Research cut their target price on Deere & Company from $550.00 to $520.00 and set an "outperform" rating on the stock in a research report on Friday. DA Davidson lowered their target price on Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a report on Monday, August 18th. Finally, Oppenheimer cut their price target on Deere & Company from $566.00 to $512.00 and set an "outperform" rating on the stock in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Deere & Company has an average rating of "Moderate Buy" and an average price target of $518.18.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.