Dakota Wealth Management Has $13.19 Million Holdings in Deere & Company $DE

Key Points

• Dakota Wealth Management has decreased its holdings in Deere & Company by 2.5%, owning 25,912 shares valued at approximately $13.19 million as of the latest SEC filing.
• In the most recent quarter, Deere & Company reported earnings per share of $4.75, exceeding analyst expectations, despite a 9% revenue decline compared to the previous year.
• The company has announced a quarterly dividend of $1.62 per share to be paid on November 10, representing an annualized yield of 1.4% and a dividend payout ratio of 33.87%.

Dakota Wealth Management reduced its holdings in Deere & Company (NYSE:DE - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,912 shares of the industrial products company's stock after selling 676 shares during the period. Dakota Wealth Management's holdings in Deere & Company were worth $13,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Deere & Company by 58.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock worth $6,395,000 after purchasing an additional 5,053 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Deere & Company by 10.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company's stock worth $3,863,000 after purchasing an additional 798 shares during the last quarter. Providence Capital Advisors LLC grew its position in Deere & Company by 2.1% in the 1st 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 during the last quarter. Bragg Financial Advisors Inc grew its position in Deere & Company by 12.7% in the 1st 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 during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Deere & Company in the 1st quarter worth $13,588,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE opened at $469.21 on Thursday. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a fifty day simple moving average of $491.04 and a 200 day simple moving average of $489.89. The stock has a market capitalization of $126.84 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 3.03 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. 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 firm posted $6.29 earnings per share. Research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company's dividend payout ratio is presently 33.87%.

Analyst Ratings Changes

DE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Oppenheimer reduced their price objective on shares of Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a report on Thursday, September 18th. Robert W. Baird cut their price target 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. Truist Financial cut their price target on shares of Deere & Company from $619.00 to $602.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and an average price target of $517.27.

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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