13,497 Shares in Deere & Company $DE Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has acquired 13,497 shares of Deere & Company, valued at approximately $6.3 million, marking a significant investment in the industrial products company.
• Deere & Company's recent earnings report showed an EPS of $4.75, exceeding expectations, although revenue declined 9% year-over-year.
• The company declared a quarterly dividend of $1.62 per share, with a dividend yield of 1.4%, scheduled for payment on November 10th.

Integrity Alliance LLC. bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,497 shares of the industrial products company's stock, valued at approximately $6,335,000.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Deere & Company by 58.9% during the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock valued at $6,395,000 after purchasing an additional 5,053 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Deere & Company by 10.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company's stock worth $3,863,000 after buying an additional 798 shares during the last quarter. Providence Capital Advisors LLC increased its stake in shares of Deere & Company by 2.1% in the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company's stock worth $6,871,000 after purchasing an additional 303 shares in the last quarter. Bragg Financial Advisors Inc increased its stake in shares of Deere & Company by 12.7% in the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company's stock worth $3,386,000 after purchasing an additional 813 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of Deere & Company in the first quarter worth about $13,588,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DE shares. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research report on Tuesday, September 2nd. Robert W. Baird lowered their price objective on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Citigroup lowered their price objective on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Finally, Evercore ISI set a $491.00 price objective on shares of Deere & Company in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Deere & Company has a consensus rating of "Moderate Buy" and an average price target of $520.87.

Deere & Company Price Performance

DE opened at $475.33 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a market capitalization of $128.49 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.09 and a beta of 1.00. The company's 50-day simple moving average is $500.10 and its two-hundred day simple moving average is $490.54. Deere & Company has a 52-week low of $378.66 and a 52-week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the business earned $6.29 EPS. The business's revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders 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 is presently 33.87%.

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.

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