Deere & Company (NYSE:DE) Stock Position Lessened by Romano Brothers AND Company

Romano Brothers AND Company reduced its stake in shares of Deere & Company (NYSE:DE) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,710 shares of the industrial products company’s stock after selling 65 shares during the quarter. Romano Brothers AND Company’s holdings in Deere & Company were worth $3,635,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Patrick M Sweeney & Associates Inc. lifted its position in Deere & Company by 4.8% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 2,090 shares of the industrial products company’s stock worth $872,000 after purchasing an additional 96 shares during the period. Great Lakes Retirement Inc. raised its stake in shares of Deere & Company by 6.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 5,531 shares of the industrial products company’s stock worth $2,308,000 after buying an additional 350 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Deere & Company by 46,892.9% in the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock valued at $322,218,000 after buying an additional 770,451 shares during the period. Heartland Bank & Trust Co boosted its stake in Deere & Company by 7.0% during the third quarter. Heartland Bank & Trust Co now owns 1,653 shares of the industrial products company’s stock valued at $690,000 after buying an additional 108 shares in the last quarter. Finally, Wallington Asset Management LLC boosted its stake in Deere & Company by 2.1% during the third quarter. Wallington Asset Management LLC now owns 26,553 shares of the industrial products company’s stock valued at $11,081,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America upped their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Raymond James initiated coverage on shares of Deere & Company in a research note on Friday, June 28th. They set an “outperform” rating and a $420.00 target price for the company. Morgan Stanley decreased their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $408.64 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The firm has a fifty day simple moving average of $396.54 and a 200-day simple moving average of $385.38. The stock has a market capitalization of $112.61 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.35 and a beta of 0.92. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter last year, the firm posted $10.20 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. On average, sell-side analysts expect that Deere & Company will post 25.03 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. Deere & Company’s dividend payout ratio is presently 17.70%.

Deere & Company 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.