Ariston Services Group Increases Stock Position in Deere & Company $DE

Ariston Services Group raised its stake in shares of Deere & Company (NYSE:DE) by 33.7% in the 2nd quarter, Holdings Channel reports. The firm owned 695 shares of the industrial products company’s stock after acquiring an additional 175 shares during the period. Ariston Services Group’s holdings in Deere & Company were worth $353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. VELA Investment Management LLC increased its holdings in shares of Deere & Company by 158.3% in the second quarter. VELA Investment Management LLC now owns 2,588 shares of the industrial products company’s stock worth $1,316,000 after purchasing an additional 1,586 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in Deere & Company by 0.4% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 135,830 shares of the industrial products company’s stock valued at $69,068,000 after buying an additional 489 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Deere & Company by 8.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 9,249 shares of the industrial products company’s stock worth $4,703,000 after acquiring an additional 693 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its stake in Deere & Company by 3.7% in the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 1,753 shares of the industrial products company’s stock worth $891,000 after acquiring an additional 62 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in shares of Deere & Company by 34.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 915 shares of the industrial products company’s stock worth $465,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Deere & Company stock opened at $458.63 on Friday. The firm has a 50-day moving average price of $473.24 and a 200-day moving average price of $487.48. The firm has a market capitalization of $123.98 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. 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 issued 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. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $6.29 EPS. The firm’s revenue was down 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Analyst Ratings Changes

DE has been the subject of a number of recent research reports. Oppenheimer cut their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Robert W. Baird lowered their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research report on Tuesday, August 19th. Finally, Citigroup dropped their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $517.35.

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.