Ausdal Financial Partners Inc. cut its position in shares of Deere & Co. (NYSE:DE) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,529 shares of the company’s stock after selling 281 shares during the period. Ausdal Financial Partners Inc.’s holdings in Deere & Co. were worth $772,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new stake in Deere & Co. during the first quarter valued at about $870,000. Bessemer Group Inc. raised its stake in Deere & Co. by 4.9% in the first quarter. Bessemer Group Inc. now owns 8,100 shares of the company’s stock valued at $623,000 after buying an additional 381 shares during the last quarter. Willis Investment Counsel raised its stake in Deere & Co. by 0.6% in the first quarter. Willis Investment Counsel now owns 52,400 shares of the company’s stock valued at $4,034,000 after buying an additional 300 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Deere & Co. by 11.4% in the first quarter. Canada Pension Plan Investment Board now owns 53,890 shares of the company’s stock valued at $4,149,000 after buying an additional 5,524 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Deere & Co. by 289.6% in the first quarter. 1832 Asset Management L.P. now owns 1,012,335 shares of the company’s stock valued at $131,221,000 after buying an additional 752,519 shares during the last quarter. Institutional investors own 70.55% of the company’s stock.
Shares of Deere & Co. (NYSE:DE) traded up 0.06% on Monday, reaching $86.45. The company had a trading volume of 559,098 shares. The company’s 50-day moving average is $84.29 and its 200-day moving average is $82.14. The company has a market capitalization of $27.18 billion, a PE ratio of 17.32 and a beta of 0.89. Deere & Co. has a one year low of $70.16 and a one year high of $89.34.
Deere & Co. (NYSE:DE) last issued its quarterly earnings results on Friday, August 19th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.61. The company had revenue of $6.72 billion for the quarter. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 earnings per share. Equities research analysts predict that Deere & Co. will post $4.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.77%. Deere & Co.’s dividend payout ratio (DPR) is 48.10%.
DE has been the topic of several research analyst reports. Piper Jaffray Cos. upped their price objective on Deere & Co. from $67.00 to $70.00 and gave the company an “underweight” rating in a research note on Monday, August 22nd. Vetr downgraded Deere & Co. from a “hold” rating to a “sell” rating and set a $77.39 target price on the stock. in a research report on Monday, July 11th. Argus upped their target price on Deere & Co. from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Morgan Stanley reaffirmed a “sell” rating on shares of Deere & Co. in a research report on Thursday, June 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Deere & Co. in a research report on Thursday, August 18th. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.27.
Deere & Co. Company Profile
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.
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