Braun Stacey Associates Inc. Sells 496 Shares of Deere & Company (NYSE:DE)

Braun Stacey Associates Inc. lowered its position in Deere & Company (NYSE:DE - Free Report) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,342 shares of the industrial products company's stock after selling 496 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Deere & Company were worth $4,854,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of 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 buying an additional 1,278 shares during the last quarter. Assetmark Inc. grew its position in shares of Deere & Company by 24.2% during the 4th quarter. Assetmark Inc. now owns 47,832 shares of the industrial products company's stock valued at $20,267,000 after buying an additional 9,316 shares during the last quarter. Atria Investments Inc grew its position in shares of Deere & Company by 10.7% during the 4th quarter. Atria Investments Inc now owns 12,822 shares of the industrial products company's stock valued at $5,433,000 after buying an additional 1,243 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Deere & Company by 23.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,253 shares of the industrial products company's stock valued at $531,000 after buying an additional 238 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Deere & Company during the 4th quarter valued at about $296,232,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Down 2.1%

Deere & Company stock traded down $10.98 during trading hours on Monday, hitting $509.99. The company had a trading volume of 1,016,957 shares, compared to its average volume of 1,355,424. The firm has a market capitalization of $138.12 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 3.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The firm's fifty day moving average is $507.45 and its 200-day moving average is $476.47. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business posted $8.53 EPS. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DE shares. UBS Group lowered their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. BMO Capital Markets restated a "market perform" rating and issued a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. DA Davidson restated a "buy" rating and issued a $542.00 target price on shares of Deere & Company in a research report on Friday, May 16th. Evercore ISI upped their target price on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $515.19.

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.