Compound Planning Inc. Purchases 907 Shares of Deere & Company $DE

Key Points

• Compound Planning Inc. increased its ownership of Deere & Company by 39.8%, purchasing an additional 907 shares, bringing their total to 3,184 shares valued at approximately $1.5 million.
• Deere & Company reported earnings of $4.75 per share in its latest quarter, surpassing expectations, although its revenue declined by 9% year-over-year.
• The company has declared a quarterly dividend of $1.62 per share, which translates to an annual yield of 1.3% and a payout ratio of 33.87%.

Compound Planning Inc. raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 39.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,184 shares of the industrial products company's stock after buying an additional 907 shares during the period. Compound Planning Inc.'s holdings in Deere & Company were worth $1,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bragg Financial Advisors Inc lifted its stake in shares of Deere & Company by 12.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company's stock worth $3,386,000 after acquiring an additional 813 shares during the last quarter. CW Advisors LLC lifted its position in shares of Deere & Company by 103.0% during the first quarter. CW Advisors LLC now owns 8,599 shares of the industrial products company's stock worth $4,044,000 after purchasing an additional 4,364 shares during the last quarter. Summit Financial LLC boosted its stake in shares of Deere & Company by 2.5% during the first quarter. Summit Financial LLC now owns 6,924 shares of the industrial products company's stock valued at $3,250,000 after purchasing an additional 172 shares during the period. United Asset Strategies Inc. bought a new position in shares of Deere & Company in the first quarter worth about $2,496,000. Finally, Partners Capital Investment Group LLP increased its stake in Deere & Company by 94.9% in the 1st quarter. Partners Capital Investment Group LLP now owns 22,477 shares of the industrial products company's stock worth $10,550,000 after buying an additional 10,946 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of DE stock opened at $495.0920 on Friday. The stock's 50-day moving average is $508.58 and its 200 day moving average is $490.43. Deere & Company has a 1-year low of $374.46 and a 1-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 company has a market cap of $134.09 billion, a P/E ratio of 25.88, a PEG ratio of 3.11 and a beta of 1.06.

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

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. Deere & Company's dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Robert W. Baird decreased their target price on Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Wall Street Zen cut Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Barclays raised their price target on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Deere & Company presently has a consensus rating of "Moderate Buy" and an average price target of $523.87.

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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