Deere & Company $DE Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Deere & Company by 9.4%, acquiring an additional 593 shares, bringing its total to 6,882 shares worth approximately $3.5 million.
• Several other institutional investors have also increased their holdings in Deere, with Brighton Jones LLC leading with a 39.1% increase in the last quarter.
• Deere & Company recently announced a quarterly dividend of $1.62, yielding 1.4%, to be paid on November 10th to stockholders of record from September 30th.

Focus Partners Advisor Solutions LLC increased its stake in Deere & Company (NYSE:DE - Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,882 shares of the industrial products company's stock after acquiring an additional 593 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Deere & Company were worth $3,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after acquiring an additional 1,278 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Deere & Company by 30.6% during the 1st quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company's stock worth $1,753,000 after buying an additional 876 shares during the last quarter. Western Wealth Management LLC increased its holdings in shares of Deere & Company by 25.3% during the 1st quarter. Western Wealth Management LLC now owns 1,111 shares of the industrial products company's stock worth $521,000 after buying an additional 224 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Deere & Company by 37.1% during the 1st quarter. Perpetual Ltd now owns 960 shares of the industrial products company's stock worth $451,000 after buying an additional 260 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its holdings in shares of Deere & Company by 8.7% during the 1st quarter. Beacon Financial Advisory LLC now owns 549 shares of the industrial products company's stock worth $258,000 after buying an additional 44 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DE. UBS Group set a $535.00 price target on shares of Deere & Company and gave the stock a "buy" rating in a research report on Friday, October 17th. Zacks Research cut shares of Deere & Company from a "hold" rating to a "strong sell" rating in a research report on Monday, October 20th. Robert W. Baird decreased their price objective on shares of Deere & Company from $488.00 to $467.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 14th. Finally, Daiwa Capital Markets reduced their target price on shares of Deere & Company from $565.00 to $530.00 and set an "outperform" rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $518.72.

Deere & Company Trading Up 0.8%

DE opened at $473.01 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 company has a market cap of $127.87 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02. The firm has a 50 day simple moving average of $469.88 and a 200 day simple moving average of $489.02.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating 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 net margin of 11.72% and a return on equity of 21.97%. The business's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.29 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current 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 given 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 presently 33.87%.

Deere & Company 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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