Guyasuta Investment Advisors Inc. Has $2.54 Million Stake in Deere & Company $DE

Key Points

• Guyasuta Investment Advisors Inc. increased its stake in Deere & Company by 105.0% during the second quarter, bringing its total holdings to $2.54 million.
• Analysts have adjusted their price targets for Deere, with DA Davidson lowering it from $595.00 to $580.00, while the consensus target price is $518.06.
• Deere reported a quarterly earnings per share (EPS) of $4.75, surpassing estimates, despite a 9.0% year-over-year decrease in revenue.

Guyasuta Investment Advisors Inc. increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 105.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,997 shares of the industrial products company's stock after acquiring an additional 2,559 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Deere & Company were worth $2,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DE. Activest Wealth Management raised its holdings in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company during the first quarter worth $29,000. Cornerstone Planning Group LLC raised its holdings 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 acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in shares of Deere & Company during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the second quarter worth $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. DA Davidson dropped their price objective 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. Oppenheimer decreased 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 report on Thursday, September 18th. Robert W. Baird decreased their target price 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. Daiwa Capital Markets decreased their target price on shares of Deere & Company from $565.00 to $530.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $518.06.

Deere & Company Stock Performance

Shares of DE opened at $463.93 on Friday. The firm has a 50-day moving average of $489.67 and a 200-day moving average of $489.78. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a market cap of $125.41 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.99 and a beta of 1.00. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm posted $6.29 EPS. The company's quarterly revenue was down 9.0% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $1.62 dividend. 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 dividend payout ratio (DPR) is 33.87%.

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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