Deere & Company $DE Shares Sold by Dynamic Financial Group

Dynamic Financial Group trimmed its stake in shares of Deere & Company (NYSE:DE) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,327 shares of the industrial products company’s stock after selling 41 shares during the quarter. Deere & Company makes up about 5.1% of Dynamic Financial Group’s portfolio, making the stock its 3rd largest holding. Dynamic Financial Group’s holdings in Deere & Company were worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DE. Brighton Jones LLC grew its holdings 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 worth $1,927,000 after acquiring an additional 1,278 shares during the last quarter. GAMMA Investing LLC grew its holdings in Deere & Company by 30.6% during the 1st quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company’s stock worth $1,753,000 after acquiring an additional 876 shares during the last quarter. SG Americas Securities LLC grew its holdings in Deere & Company by 42.3% during the 1st quarter. SG Americas Securities LLC now owns 5,836 shares of the industrial products company’s stock worth $2,739,000 after acquiring an additional 1,735 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Deere & Company by 58.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock worth $6,395,000 after acquiring an additional 5,053 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in Deere & Company by 13.4% during the 1st quarter. Tritonpoint Wealth LLC now owns 769 shares of the industrial products company’s stock worth $362,000 after acquiring an additional 91 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 2.1%

Shares of NYSE DE opened at $446.76 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The firm has a market cap of $120.77 billion, a PE ratio of 23.35, a P/E/G ratio of 2.87 and a beta of 1.02. The company’s fifty day simple moving average is $479.15 and its 200 day simple moving average is $488.45. 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, 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 business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $6.29 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 1.5%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Daiwa Capital Markets reduced their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Truist Financial boosted their target price on shares of Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson reduced their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Wolfe Research reduced their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $513.88.

About Deere & Company

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.