Deere & Company $DE Shares Purchased by Homestead Advisers Corp

Homestead Advisers Corp grew its holdings in Deere & Company (NYSE:DE) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,600 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Deere & Company comprises approximately 2.6% of Homestead Advisers Corp’s investment portfolio, making the stock its 9th biggest holding. Homestead Advisers Corp owned approximately 0.08% of Deere & Company worth $111,664,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Southland Equity Partners LLC lifted 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 buying an additional 20 shares in the last quarter. Vivid Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. raised its holdings in Deere & Company by 2.1% during the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 20 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Deere & Company by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.4%

DE stock opened at $468.36 on Wednesday. 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 company has a fifty day moving average price of $466.80 and a two-hundred day moving average price of $490.13. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The stock has a market cap of $126.61 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $6.29 earnings per share. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current 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 paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio is 33.87%.

Analyst Ratings Changes

Several research analysts have weighed in on DE shares. Royal Bank Of Canada began coverage on Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target on the stock. Citigroup decreased their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Zacks Research lowered shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. Finally, Wolfe Research lowered their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. One investment 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 stock. Based on data from MarketBeat, Deere & Company presently has a consensus 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.