First Pacific Financial Has $947,000 Stock Position in Deere & Company $DE

First Pacific Financial decreased its holdings in shares of Deere & Company (NYSE:DE) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,863 shares of the industrial products company’s stock after selling 169 shares during the quarter. First Pacific Financial’s holdings in Deere & Company were worth $947,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DE. Activest Wealth Management grew its position in 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 buying an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the last quarter. 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 Deere & Company in the second quarter worth $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DE has been the topic of several recent analyst reports. DA Davidson lowered their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Robert W. Baird dropped their price target on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Truist Financial decreased their target price on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $518.06.

Deere & Company Price Performance

DE stock opened at $456.78 on Wednesday. The company has a 50 day simple moving average of $488.06 and a 200 day simple moving average of $489.62. The stock has a market cap of $123.48 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.99 and a beta of 1.00. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. 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) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.29 EPS. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a $1.62 dividend. 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 is presently 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.