Savant Capital LLC Boosts Stock Position in Deere & Company $DE

Savant Capital LLC raised its holdings in Deere & Company (NYSE:DE) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,856 shares of the industrial products company’s stock after purchasing an additional 405 shares during the period. Savant Capital LLC’s holdings in Deere & Company were worth $7,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mid American Wealth Advisory Group Inc. acquired a new stake in Deere & Company in the second quarter valued at $25,000. Activest Wealth Management grew its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Deere & Company in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC raised its stake in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares in 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 hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of DE opened at $466.98 on Friday. The company has a market cap of $126.24 billion, a P/E ratio of 24.41, a PEG ratio of 3.05 and a beta of 1.04. The stock has a fifty day moving average price of $465.84 and a 200 day moving average price of $490.08. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78.

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. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue 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. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. 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 presently 33.87%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DE. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Financial Group lowered their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Citigroup decreased their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Deere & 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.