Deere & Company $DE Shares Purchased by Capital Asset Advisory Services LLC

Key Points

• Capital Asset Advisory Services LLC increased its holdings in Deere & Company by 41.1% in the second quarter, now owning shares worth $1,200,000.
• Deere & Company reported $4.75 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $10.36 billion, despite a 9.0% decline compared to last year.
• The company declared a dividend of $1.62 per share, with an annualized yield of 1.4%, to be paid on November 10th.

Capital Asset Advisory Services LLC increased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 41.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,360 shares of the industrial products company's stock after acquiring an additional 687 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Deere & Company were worth $1,200,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DE. Activest Wealth Management boosted its holdings in shares of Deere & Company by 2,750.0% in the first 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 in the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its stake 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 worth $31,000 after purchasing an additional 36 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at $34,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Deere & Company during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Down 1.1%

DE opened at $471.35 on Monday. 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 $127.42 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.02 and a beta of 1.00. The firm has a 50 day simple moving average of $497.38 and a 200 day simple moving average of $490.39. Deere & Company has a fifty-two week low of $386.42 and a fifty-two week high of $533.78.

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 for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. The business 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%. Deere & Company's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's payout ratio is 33.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DE shares. BMO Capital Markets restated a "market perform" rating and set a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th. Evercore ISI set a $491.00 target price on shares of Deere & Company in a report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their target price on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. Finally, DA Davidson dropped their target price on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $520.87.

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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