Wilmington Savings Fund Society FSB Sells 191 Shares of Deere & Company $DE

Wilmington Savings Fund Society FSB cut its holdings in shares of Deere & Company (NYSE:DE) by 0.9% in the 2nd quarter, Holdings Channel reports. The firm owned 21,136 shares of the industrial products company’s stock after selling 191 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Deere & Company were worth $10,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in shares of 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 position in shares of Deere & Company during the first quarter worth $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Deere & Company during the second quarter worth $39,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DE has been the subject of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. JPMorgan Chase & Co. decreased their price objective on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. DA Davidson decreased their price objective 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, Robert W. Baird decreased their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $513.88.

Deere & Company Stock Performance

Shares of DE opened at $439.00 on Tuesday. The stock has a market capitalization of $118.67 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The firm’s fifty day simple moving average is $477.70 and its two-hundred day simple moving average is $488.26. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78.

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 company had revenue of $10.36 billion for 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 revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.29 EPS. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

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.