Deere & Company $DE Holdings Cut by VUB Generali dochodkova spravcovska spolocnost a.s.

VUB Generali dochodkova spravcovska spolocnost a.s. cut its stake in shares of Deere & Company (NYSE:DE) by 65.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 643 shares of the industrial products company’s stock after selling 1,219 shares during the period. VUB Generali dochodkova spravcovska spolocnost a.s.’s holdings in Deere & Company were worth $432,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Deere & Company in the 2nd quarter valued at $27,000. Kilter Group LLC purchased a new position in Deere & Company during the 2nd quarter worth $29,000. Solstein Capital LLC purchased a new position in Deere & Company during the 2nd quarter worth $30,000. Orion Capital Management LLC purchased a new position in Deere & Company during the 2nd quarter worth $32,000. Finally, Downshift Financial LLC raised its position in Deere & Company by 218.8% during the 3rd quarter. Downshift Financial LLC now owns 51 shares of the industrial products company’s stock worth $34,000 after buying an additional 35 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Down 0.8%

Deere & Company stock opened at $640.69 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. Deere & Company has a 1-year low of $454.50 and a 1-year high of $721.22. The company has a market cap of $172.74 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. The stock’s 50 day moving average price is $658.72 and its 200 day moving average price is $600.08.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.75 earnings per share. On average, sell-side analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Analyst Ratings Changes

Several analysts have recently commented on DE shares. Citigroup raised their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Truist Financial dropped their price target on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research note on Monday, August 24th. CICC Research initiated coverage on shares of Deere & Company in a research note on Sunday, September 13th. They set an “outperform” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. Finally, Nomura upgraded shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.