1,315 Shares in Deere & Company $DE Bought by Seamount Financial Group Inc.

Seamount Financial Group Inc. bought a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,315 shares of the industrial products company’s stock, valued at approximately $669,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Deere & Company by 39.1% during the 4th 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. Sivia Capital Partners LLC boosted its stake in shares of Deere & Company by 15.1% in the 1st quarter. Sivia Capital Partners LLC now owns 549 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 72 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Deere & Company by 10.2% in the 1st quarter. Wedmont Private Capital now owns 3,067 shares of the industrial products company’s stock valued at $1,408,000 after purchasing an additional 285 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Deere & Company by 16.5% during the first quarter. Park Avenue Securities LLC now owns 5,503 shares of the industrial products company’s stock worth $2,583,000 after buying an additional 779 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Deere & Company by 8.3% during the first quarter. Wedge Capital Management L L P NC now owns 12,114 shares of the industrial products company’s stock worth $5,686,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $457.47 on Tuesday. The business has a 50-day simple moving average of $483.57 and a 200 day simple moving average of $489.14. Deere & Company has a one year low of $387.03 and a one 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. The firm has a market capitalization of $123.67 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.98 and a beta of 1.02.

Deere & Company (NYSE:DE) 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. The firm had revenue of $10.36 billion during 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 company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.29 earnings per share. On average, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm 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 of this dividend 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 presently 33.87%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI set a $491.00 price target on shares of Deere & Company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Wolfe Research cut their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday. DA Davidson lowered their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Finally, Oppenheimer cut their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $518.18.

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.