Deere & Company $DE Shares Sold by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC reduced its stake in Deere & Company by 32.2%, now holding 1,644 shares valued at approximately $836,000.
• Despite a year-over-year revenue decline of 9.0%, Deere reported earnings of $4.75 per share, surpassing analyst estimates.
• Deere declared a quarterly dividend of $1.62, with an annualized yield of 1.4% and a payout ratio of 33.87%.

Ameritas Advisory Services LLC cut its stake in Deere & Company (NYSE:DE - Free Report) by 32.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,644 shares of the industrial products company's stock after selling 780 shares during the period. Ameritas Advisory Services LLC's holdings in Deere & Company were worth $836,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DE. Nuveen LLC acquired a new stake in Deere & Company in the first quarter worth $571,073,000. Voya Investment Management LLC increased its position in Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company's stock worth $344,442,000 after buying an additional 361,526 shares during the period. Price T Rowe Associates Inc. MD increased its position in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock worth $3,227,258,000 after buying an additional 286,253 shares during the period. Invesco Ltd. increased its position in Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company's stock worth $635,150,000 after buying an additional 256,806 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Deere & Company by 874.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 243,914 shares of the industrial products company's stock worth $124,028,000 after buying an additional 218,893 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.2%

Shares of DE stock opened at $462.59 on Monday. The stock has a 50-day simple moving average of $484.64 and a 200 day simple moving average of $489.24. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The stock has a market capitalization of $125.05 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.98 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.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion during the quarter, compared to analysts' expectations 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, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given 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 (DPR) is 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer lowered their price target on Deere & Company from $566.00 to $512.00 and set an "outperform" rating on the stock in a report on Thursday, September 18th. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Daiwa Capital Markets lowered their price target on Deere & Company from $565.00 to $530.00 and set an "outperform" rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a report on Saturday, September 27th. Finally, DA Davidson lowered their price target on 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, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $518.18.

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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