Allied Investment Advisors LLC Has $13.92 Million Stock Holdings in Deere & Company $DE

Allied Investment Advisors LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,369 shares of the industrial products company’s stock after acquiring an additional 494 shares during the quarter. Deere & Company makes up 2.4% of Allied Investment Advisors LLC’s holdings, making the stock its 13th biggest holding. Allied Investment Advisors LLC’s holdings in Deere & Company were worth $13,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company during the second quarter worth about $25,000. Activest Wealth Management raised its position 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 acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of Deere & Company during the first quarter worth about $29,000. Cornerstone Planning Group LLC raised its position 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 acquiring an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the second quarter worth about $38,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. JPMorgan Chase & Co. lowered their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. DA Davidson lowered their target price 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, Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Trading Up 0.8%

NYSE DE opened at $473.01 on Friday. The company has a market cap of $127.87 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.02 and a beta of 1.02. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The business has a 50 day moving average price of $469.88 and a 200-day moving average price of $488.49. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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 return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the company posted $6.29 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. As a group, equities analysts expect 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. Investors of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. 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.