Mutual of America Capital Management LLC Has $16.70 Million Stock Holdings in Deere & Company $DE

Mutual of America Capital Management LLC decreased its stake in Deere & Company (NYSE:DE) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 32,847 shares of the industrial products company’s stock after selling 790 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Deere & Company were worth $16,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Southland Equity Partners LLC grew its position in Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 20 shares during the last quarter. Vivid Wealth Management LLC raised its holdings in Deere & Company by 1.9% in the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after buying an additional 20 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its position in Deere & Company by 3.0% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after buying an additional 20 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 21 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its position in Deere & Company by 1.7% in the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 21 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of a number of recent research reports. UBS Group set a $535.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a report on Friday. Oppenheimer cut their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. DA Davidson decreased their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Daiwa Capital Markets lowered their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. Finally, Robert W. Baird reduced their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $517.35.

Deere & Company Stock Up 0.3%

Shares of NYSE:DE opened at $458.63 on Friday. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. 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 business’s 50-day moving average is $473.24 and its 200-day moving average is $487.60. The company has a market capitalization of $123.98 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.95 and a beta of 1.02.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the company posted $6.29 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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 paid a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s payout ratio is currently 33.87%.

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.