Exchange Traded Concepts LLC trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,794 shares of the industrial products company's stock after selling 3,144 shares during the quarter. Exchange Traded Concepts LLC's holdings in Deere & Company were worth $14,133,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. 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 buying an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock valued at $3,227,258,000 after acquiring an additional 286,253 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Deere & Company by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company's stock valued at $852,254,000 after acquiring an additional 35,075 shares in the last quarter. GAMMA Investing LLC raised its holdings in Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after acquiring an additional 1,750,163 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Deere & Company by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company's stock valued at $727,046,000 after acquiring an additional 25,725 shares in the last quarter. 68.58% of the stock is owned by institutional investors.
Deere & Company Stock Up 1.5%
Shares of NYSE:DE opened at $476.18 on Friday. The firm has a market cap of $128.73 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.02 and a beta of 1.00. The business has a fifty day simple moving average of $494.07 and a 200 day simple moving average of $490.09. 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 has a 12-month low of $387.03 and a 12-month high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last announced 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 business had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm's revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.29 earnings per share. Analysts predict that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a 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
DE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Melius Research raised shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th. Truist Financial lowered their price objective on shares of Deere & Company from $619.00 to $602.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Finally, Evercore ISI set a $491.00 price objective on shares of Deere & Company in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of "Moderate Buy" and a consensus price target of $517.27.
Get Our Latest Analysis on Deere & Company
Deere & 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.
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