Deere & Company (NYSE:DE) Shares Purchased by Weil Company Inc.

Weil Company Inc. lifted its holdings in Deere & Company (NYSE:DE) by 26.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,150 shares of the industrial products company’s stock after purchasing an additional 873 shares during the quarter. Weil Company Inc.’s holdings in Deere & Company were worth $1,732,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DE. Fairscale Capital LLC acquired a new position in shares of Deere & Company during the 2nd quarter valued at $26,000. Pineridge Advisors LLC boosted its stake in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company during the third quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Deere & Company in the second quarter worth about $37,000. Finally, Centennial Bank AR lifted its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 84 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Citigroup increased their target price on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Evercore ISI lifted their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Finally, Bank of America lifted their price target on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $420.69.

Deere & Company Stock Up 0.7 %

Deere & Company stock opened at $396.84 on Monday. The firm’s 50 day moving average price is $403.02 and its two-hundred day moving average price is $385.55. The firm has a market cap of $108.58 billion, a PE ratio of 13.44, a P/E/G ratio of 1.54 and a beta of 0.93. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the company earned $10.20 earnings per share. Deere & Company’s quarterly revenue was down 20.3% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.48%. Deere & Company’s dividend payout ratio is currently 20.06%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.