Capital Asset Advisory Services LLC Has $1.20 Million Holdings in Deere & Company $DE

Capital Asset Advisory Services LLC grew its stake in Deere & Company (NYSE:DE) by 41.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,360 shares of the industrial products company’s stock after buying an additional 687 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Deere & Company were worth $1,200,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Activest Wealth Management lifted its stake in Deere & Company by 2,750.0% in the first 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 last quarter. Hughes Financial Services LLC bought a new position in shares of Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC increased its position in 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. Orion Capital Management LLC bought a new position in Deere & Company during the fourth quarter worth about $34,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in Deere & Company during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 1.1%

Shares of Deere & Company stock opened at $471.35 on Monday. Deere & Company has a 52-week low of $386.42 and a 52-week high of $533.78. The stock’s 50-day simple moving average is $497.38 and its 200 day simple moving average is $490.39. The stock has a market capitalization of $127.42 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.02 and a beta of 1.00. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

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

Deere & Company Announces Dividend

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 given 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 research analyst reports. Citigroup reduced their price target on shares of Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, May 30th. Melius Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $520.87.

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.