Deere & Company $DE Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lessened its position in shares of Deere & Company (NYSE:DE) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,052 shares of the industrial products company’s stock after selling 34 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Deere & Company were worth $535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DE. Activest Wealth Management increased its position in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Deere & Company during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC increased its position in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in Deere & Company during the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Deere & Company during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of recent research reports. Citigroup dropped their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday. Robert W. Baird dropped their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. DA Davidson lowered their price target 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 lowered their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Stock Down 2.1%

DE opened at $446.76 on Friday. 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 stock has a market capitalization of $120.77 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. The business has a 50-day moving average of $479.15 and a two-hundred day moving average of $488.35. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.62 by $0.13. The company 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 firm’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.29 EPS. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed 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. This represents a $6.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio is currently 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.