Deere & Company $DE Shares Purchased by Brighton Jones LLC

Brighton Jones LLC boosted its stake in Deere & Company (NYSE:DE) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,319 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Brighton Jones LLC’s holdings in Deere & Company were worth $2,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MQS Management LLC acquired a new position in Deere & Company during the 2nd quarter worth approximately $923,000. Burke & Herbert Bank & Trust Co. increased its position in Deere & Company by 7.6% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 1,722 shares of the industrial products company’s stock worth $876,000 after purchasing an additional 121 shares during the period. AG2R LA Mondiale Gestion D Actifs increased its position in Deere & Company by 0.7% during the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 9,688 shares of the industrial products company’s stock worth $4,926,000 after purchasing an additional 68 shares during the period. Focus Partners Advisor Solutions LLC increased its position in Deere & Company by 9.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 6,882 shares of the industrial products company’s stock worth $3,500,000 after purchasing an additional 593 shares during the period. Finally, Allied Investment Advisors LLC increased its position in Deere & Company by 1.8% during the 2nd quarter. Allied Investment Advisors LLC now owns 27,369 shares of the industrial products company’s stock worth $13,917,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

DE stock opened at $473.01 on Monday. 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 quick ratio of 1.98 and a current ratio of 2.19. The stock’s 50 day moving average price is $469.88 and its 200 day moving average price is $489.27. The firm has a market cap of $127.87 billion, a P/E ratio of 24.73, a PEG ratio of 3.04 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $6.29 EPS. Deere & Company’s revenue was down 9.0% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Oppenheimer dropped their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. DA Davidson dropped their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Evercore ISI set a $491.00 target price on Deere & Company in a research report on Tuesday, August 19th. Daiwa Capital Markets lowered their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $518.72.

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.