Deere & Company $DE Shares Acquired by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP increased its stake in Deere & Company by 9.5%, owning a total of 15,749 shares valued at $8,008,000.
• Multiple analysts have adjusted target prices for Deere & Company, with consensus target price set at $517.35 and a consensus rating of "Moderate Buy."
• Deere & Company announced a quarterly dividend of $1.62, with an annualized yield of 1.4%, to be paid on November 10th.

Lyell Wealth Management LP lifted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,749 shares of the industrial products company's stock after purchasing an additional 1,368 shares during the quarter. Lyell Wealth Management LP's holdings in Deere & Company were worth $8,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its position in 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 acquiring an additional 55 shares during the period. Hughes Financial Services LLC acquired a new stake in Deere & Company in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its position 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 acquired a new stake in Deere & Company in the 2nd quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Deere & Company in the 2nd quarter valued at approximately $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DE. Evercore ISI set a $491.00 target price on Deere & Company in a research report on Tuesday, August 19th. Daiwa Capital Markets lowered 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. UBS Group set a $535.00 target price on Deere & Company and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Deere & Company from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup decreased their price target on Deere & Company from $525.00 to $515.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of "Moderate Buy" and a consensus target price of $517.35.

Deere & Company Stock Performance

DE opened at $458.63 on Monday. The firm has a market cap of $123.98 billion, a PE ratio of 23.97, a P/E/G ratio of 2.95 and a beta of 1.02. 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 business has a fifty day simple moving average of $473.24 and a 200-day simple moving average of $487.89. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

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

Deere & Company Dividend Announcement

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

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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