533 Shares in Deere & Company (NYSE:DE) Acquired by Wells Trecaso Financial Group LLC

Wells Trecaso Financial Group LLC bought a new stake in shares of Deere & Company (NYSE:DE) during the 3rd quarter, Holdings Channel.com reports. The fund bought 533 shares of the industrial products company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pineridge Advisors LLC boosted its position in Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Fairscale Capital LLC bought a new stake in Deere & Company during the 2nd quarter valued at $26,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the 3rd quarter valued at $32,000. Olistico Wealth LLC bought a new stake in Deere & Company during the 2nd quarter valued at $37,000. Finally, Centennial Bank AR boosted its position in Deere & Company by 420.0% during 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 in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Deere & Company in a research report on Friday, August 9th. They set a “market perform” rating and a $400.00 target price on the stock. Bank of America raised their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. 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 research report on Friday, October 11th. Citigroup increased their price target on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Stock Up 1.1 %

Deere & Company stock opened at $412.35 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The stock has a market capitalization of $113.63 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The business has a 50 day simple moving average of $398.68 and a 200-day simple moving average of $385.16.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.94 billion. During the same period last year, the company earned $10.20 EPS. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post 25.03 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

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.