Deere & Company $DE Holdings Decreased by Baxter Bros Inc.

Baxter Bros Inc. decreased its holdings in shares of Deere & Company (NYSE:DE) by 3.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,035 shares of the industrial products company’s stock after selling 100 shares during the quarter. Baxter Bros Inc.’s holdings in Deere & Company were worth $1,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DE. Southland Equity Partners LLC raised its holdings in shares of Deere & Company by 3.9% in the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after buying an additional 20 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after buying an additional 21 shares in the last quarter. Tyler Stone Wealth Management grew its position in Deere & Company by 1.7% during the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 21 shares during the last quarter. McLean Asset Management Corp grew its position in Deere & Company by 4.0% during the 2nd quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 21 shares during the last quarter. Finally, Trilogy Capital Inc. grew its position in Deere & Company by 1.3% during the 2nd quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1%

Shares of DE opened at $461.06 on Thursday. The firm has a market capitalization of $124.64 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.97 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The business’s fifty day moving average price is $481.60 and its two-hundred day moving average price is $488.75. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78.

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 for 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 business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company earned $6.29 EPS. On average, analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DE shares. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Oppenheimer decreased their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Evercore ISI set a $491.00 price target on Deere & Company in a research report on Tuesday, August 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday. Finally, 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 research report on Monday, August 18th. One 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $518.59.

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.