Dale Q Rice Investment Management Ltd Has $474,000 Holdings in Deere & Company $DE

Key Points

• Dale Q Rice Investment Management Ltd decreased its holdings in Deere & Company by 50% in Q2, now holding shares valued at $474,000.
• Analysts have revised their price targets for Deere; Robert W. Baird and JPMorgan Chase & Co. lowered their targets, while UBS Group set a target of $535.00 with a "buy" rating.
• Deere reported Q4 earnings of $4.75 per share, exceeding expectations, and declared a quarterly dividend of $1.62 per share to be paid on November 10th.

Dale Q Rice Investment Management Ltd trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 50.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 934 shares of the industrial products company's stock after selling 934 shares during the period. Dale Q Rice Investment Management Ltd's holdings in Deere & Company were worth $474,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DE. Activest Wealth Management raised its holdings in shares of Deere & Company by 2,750.0% in 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 during the period. Hughes Financial Services LLC bought a new position in Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC raised its holdings in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Deere & Company in the 2nd quarter valued at about $38,000. Finally, Livelsberger Financial Advisory bought a new position in Deere & Company in the 2nd quarter valued at about $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Deere & Company from $488.00 to $467.00 and set a "neutral" rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday. UBS Group set a $535.00 target price on shares of Deere & Company and gave the stock a "buy" rating in a report on Friday. Jefferies Financial Group lowered their target price on shares of Deere & Company from $510.00 to $440.00 and set a "hold" rating on the stock in a report on Wednesday, October 8th. Finally, Wolfe Research lowered their target price on shares of Deere & Company from $550.00 to $520.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Deere & Company has an average rating of "Moderate Buy" and a consensus price target of $517.35.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $458.63 on Friday. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week 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 firm has a market capitalization of $123.98 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.94 and a beta of 1.02. The company's 50 day moving average price is $473.24 and its two-hundred day moving average price is $487.48.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. 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 (DPR) 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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