Deere & Company $DE Position Lifted by United Asset Strategies Inc.

United Asset Strategies Inc. boosted its position in Deere & Company (NYSE:DE) by 33.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,097 shares of the industrial products company’s stock after buying an additional 1,780 shares during the quarter. United Asset Strategies Inc.’s holdings in Deere & Company were worth $3,609,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $25,000. Activest Wealth Management lifted its stake in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company during the second quarter valued at $38,000. Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the second quarter worth about $39,000. Finally, Center for Financial Planning Inc. increased its holdings in shares of Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 61 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.7%

Shares of NYSE DE opened at $477.70 on Wednesday. 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 12 month low of $387.03 and a 12 month high of $533.78. The company has a market cap of $129.14 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 3.05 and a beta of 1.04. The business has a fifty day simple moving average of $465.79 and a 200-day simple moving average of $490.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS 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 analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.29 earnings per share. Sell-side analysts predict 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. The ex-dividend date was Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DE shares. DA Davidson lowered their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Daiwa Capital Markets reduced their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Wolfe Research lowered their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price target for the company. Finally, Truist Financial raised their price objective on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $518.72.

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.