Mutual Advisors LLC Buys 1,063 Shares of Deere & Company $DE

Mutual Advisors LLC raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 33.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,242 shares of the industrial products company's stock after purchasing an additional 1,063 shares during the period. Mutual Advisors LLC's holdings in Deere & Company were worth $2,195,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DE. Brighton Jones LLC grew its holdings in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after purchasing an additional 1,278 shares during the period. GAMMA Investing LLC raised its holdings in Deere & Company by 30.6% during the first quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company's stock valued at $1,753,000 after acquiring an additional 876 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Deere & Company by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 90,020 shares of the industrial products company's stock valued at $42,250,000 after acquiring an additional 826 shares during the period. Grimes & Company Inc. bought a new stake in Deere & Company during the first quarter valued at about $221,000. Finally, Cornerstone Wealth Management LLC raised its holdings in Deere & Company by 5.6% during the first quarter. Cornerstone Wealth Management LLC now owns 3,390 shares of the industrial products company's stock valued at $1,591,000 after acquiring an additional 180 shares during the period. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DE. DA Davidson decreased 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. Citigroup decreased their price target on Deere & Company from $525.00 to $515.00 and set a "neutral" rating on the stock in a report on Tuesday, October 7th. Wolfe Research reduced their target price on Deere & Company from $550.00 to $520.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, October 4th. Finally, Daiwa Capital Markets reduced their target price on Deere & Company from $565.00 to $530.00 and set an "outperform" rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of "Moderate Buy" and a consensus price target of $511.76.

Deere & Company Trading Up 1.9%

DE opened at $456.98 on Friday. The firm has a market cap of $123.54 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.88 and a beta of 1.02. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average of $474.28 and a 200 day moving average of $487.62.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates 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 quarter last year, the business posted $6.29 earnings per share. As a group, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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 annualized dividend and a yield of 1.4%. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.

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.

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