Country Club Bank Buys 585 Shares of Deere & Company $DE

Key Points

• Country Club Bank has increased its holdings in Deere & Company by 31.6%, now owning a total of 2,435 shares valued at approximately $1.25 million.
• Wall Street analysts have recently adjusted their target prices for Deere & Company, with estimates ranging from $512.00 to $580.00, while maintaining an overall rating of "Moderate Buy."
• Deere & Company announced a quarterly dividend of $1.62, to be paid on November 10th, with a current annualized dividend yield of 1.4%.

Country Club Bank lifted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 31.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,435 shares of the industrial products company's stock after purchasing an additional 585 shares during the period. Country Club Bank's holdings in Deere & Company were worth $1,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Deere & Company during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $39,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Daiwa Capital Markets cut their target price on Deere & Company from $565.00 to $530.00 and set an "outperform" rating on the stock in a research report on Thursday, September 25th. 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. DA Davidson cut their price target on Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Wolfe Research cut their price target on Deere & Company from $550.00 to $520.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Finally, Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $518.18.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $461.08 on Wednesday. The company has a market cap of $124.64 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.94 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 business has a 50 day moving average price of $482.54 and a 200-day moving average price of $488.94. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.29 earnings per share. Equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.62 dividend. 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 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.

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.