Deere & Company (NYSE:DE) Shares Sold by Schnieders Capital Management LLC

Key Points

• Schnieders Capital Management LLC reduced its stake in Deere & Company by 32.6%, now holding 1,926 shares worth approximately $904,000.
• Institutional investors own 68.58% of Deere & Company's stock, with Vanguard Group Inc. increasing its stake by 0.8% and now owning over 22 million shares.
• Deere & Company reported $6.64 EPS for the last quarter, exceeding analysts' expectations, despite a 17.9% decline in year-over-year revenue.

Schnieders Capital Management LLC lowered its holdings in Deere & Company (NYSE:DE - Free Report) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,926 shares of the industrial products company's stock after selling 930 shares during the period. Schnieders Capital Management LLC's holdings in Deere & Company were worth $904,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Deere & Company by 0.8% in the first quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock valued at $10,355,546,000 after purchasing an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares during the period. Capital World Investors boosted its stake in shares of Deere & Company by 2.7% in the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock valued at $2,566,884,000 after purchasing an additional 157,224 shares during the period. Northern Trust Corp boosted its stake in shares of Deere & Company by 12.8% in the fourth quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock valued at $1,235,394,000 after purchasing an additional 330,915 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Deere & Company by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,587,065 shares of the industrial products company's stock valued at $1,096,179,000 after purchasing an additional 184,203 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of NYSE:DE traded up $3.93 during trading on Friday, reaching $510.57. 883,727 shares of the company's stock traded hands, compared to its average volume of 1,119,567. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. Deere & Company has a 12 month low of $343.38 and a 12 month high of $533.78. The company has a 50 day moving average of $512.47 and a 200-day moving average of $489.28. The stock has a market capitalization of $138.28 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 3.24 and a beta of 1.06.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the company earned $8.53 EPS. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DE. Wall Street Zen downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays increased their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $523.93.

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.