Sendero Wealth Management LLC reduced its position in Deere & Company (NYSE:DE - Free Report) by 45.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,859 shares of the industrial products company's stock after selling 9,118 shares during the period. Sendero Wealth Management LLC's holdings in Deere & Company were worth $5,522,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Activest Wealth Management increased 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 acquiring an additional 55 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Deere & Company during the second quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the second quarter worth about $39,000. 68.58% of the stock is owned by institutional investors and hedge funds.
Deere & Company Trading Up 0.2%
NYSE:DE opened at $462.59 on Monday. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a fifty day moving average price of $484.64 and a two-hundred day moving average price of $489.24. The stock has a market capitalization of $125.05 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.98 and a beta of 1.02.
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, topping the consensus estimate of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business's revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.29 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given 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 is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is presently 33.87%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Evercore ISI set a $491.00 price objective on Deere & Company in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a report on Saturday, September 27th. JPMorgan Chase & Co. lowered their price objective on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Robert W. Baird cut their price objective on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Oppenheimer reduced their target price on shares of Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $518.18.
Get Our Latest Analysis on Deere & Company
Deere & Company Company Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
