SG Americas Securities LLC Increases Stock Position in Deere & Company $DE

SG Americas Securities LLC boosted its holdings in Deere & Company (NYSE:DE) by 34.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,870 shares of the industrial products company’s stock after acquiring an additional 2,034 shares during the quarter. SG Americas Securities LLC’s holdings in Deere & Company were worth $4,002,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Deere & Company by 6.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,906 shares of the industrial products company’s stock valued at $31,479,000 after purchasing an additional 3,983 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Deere & Company by 31.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 4,112 shares of the industrial products company’s stock worth $2,091,000 after buying an additional 972 shares during the last quarter. Jacksonville Wealth Management LLC lifted its stake in Deere & Company by 0.8% during the 2nd quarter. Jacksonville Wealth Management LLC now owns 6,039 shares of the industrial products company’s stock valued at $3,071,000 after acquiring an additional 50 shares during the period. Advisors Capital Management LLC lifted its stake in Deere & Company by 0.9% during the 2nd quarter. Advisors Capital Management LLC now owns 61,786 shares of the industrial products company’s stock valued at $31,418,000 after acquiring an additional 569 shares during the period. Finally, L & S Advisors Inc purchased a new stake in shares of Deere & Company during the 2nd quarter valued at about $6,296,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DE has been the subject of several research reports. Royal Bank Of Canada began coverage on shares of Deere & Company in a report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price objective for the company. Daiwa Capital Markets cut their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. Oppenheimer decreased their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, DA Davidson dropped their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $520.05.

Deere & Company Stock Down 0.1%

Shares of DE stock opened at $475.90 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $396.14 and a 12 month high of $533.78. The stock has a market cap of $128.65 billion, a P/E ratio of 24.88, a P/E/G ratio of 3.05 and a beta of 1.04. The company has a 50 day simple moving average of $465.93 and a two-hundred day simple moving average of $491.05.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

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.