Universal Beteiligungs und Servicegesellschaft mbH Cuts Holdings in Deere & Company $DE

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Deere & Company (NYSE:DE) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 309,255 shares of the industrial products company’s stock after selling 5,802 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Deere & Company were worth $157,253,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC lifted its stake in Deere & Company by 5.2% in the second quarter. Western Wealth Management LLC now owns 1,169 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 58 shares during the last quarter. Summitry LLC increased its position in shares of Deere & Company by 4.7% in the 2nd quarter. Summitry LLC now owns 803 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 36 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Deere & Company by 5.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 64,726 shares of the industrial products company’s stock valued at $32,913,000 after purchasing an additional 3,511 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Deere & Company by 2.6% during the 2nd quarter. Kingsview Wealth Management LLC now owns 5,504 shares of the industrial products company’s stock worth $2,799,000 after purchasing an additional 139 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its holdings in Deere & Company by 5.1% in the second quarter. Cornerstone Advisors LLC now owns 37,100 shares of the industrial products company’s stock valued at $18,865,000 after buying an additional 1,800 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. Oppenheimer dropped their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. Wolfe Research lowered their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Wells Fargo & Company started coverage on shares of Deere & Company in a report on Thursday. They set an “overweight” rating and a $543.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $520.05.

Deere & Company Trading Up 0.5%

NYSE:DE opened at $475.76 on Friday. The stock’s 50 day moving average price is $466.04 and its 200 day moving average price is $490.89. The company has a market capitalization of $128.61 billion, a PE ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. 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 has a 52-week low of $390.00 and a 52-week high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion during 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 revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.29 earnings per share. On average, research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s payout ratio is presently 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.