Callan Family Office LLC Purchases 3,649 Shares of Deere & Company $DE

Key Points

• Callan Family Office LLC increased its stake in Deere & Company by 177.8%, acquiring an additional 3,649 shares in the second quarter, bringing its total holdings to 5,701 shares valued at approximately $2.9 million.
• Several major investors, including Vanguard Group Inc. and Price T Rowe Associates, expanded their positions in Deere & Company during the first quarter, with institutional ownership currently at 68.58%.
• Deere & Company reported a quarterly EPS of $4.75, exceeding analyst expectations, but noted a 9% decrease in revenue year-over-year; the company has a declared dividend of $1.62 per share, with an annual yield of 1.5%.

Callan Family Office LLC lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 177.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,701 shares of the industrial products company's stock after acquiring an additional 3,649 shares during the period. Callan Family Office LLC's holdings in Deere & Company were worth $2,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock worth $10,355,546,000 after purchasing an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD grew its position in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock worth $3,227,258,000 after purchasing an additional 286,253 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Deere & Company by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company's stock worth $852,254,000 after purchasing an additional 35,075 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Deere & Company by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company's stock worth $727,046,000 after acquiring an additional 25,725 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Deere & Company by 23.4% during the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company's stock worth $635,150,000 after acquiring an additional 256,806 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DE shares. DA Davidson dropped their price target on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Jefferies Financial Group dropped their price target on shares of Deere & Company from $510.00 to $440.00 and set a "hold" rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Deere & Company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Finally, Evercore ISI set a $491.00 price target on shares of Deere & Company in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $513.88.

Deere & Company Stock Down 2.1%

Shares of DE stock opened at $446.76 on Friday. The stock has a market cap of $120.77 billion, a P/E ratio of 23.35, a PEG ratio of 2.87 and a beta of 1.02. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company's fifty day simple moving average is $479.15 and its two-hundred day simple moving average is $488.39.

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

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.5%. Deere & Company's payout ratio is presently 33.87%.

About Deere & Company

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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