Larson Financial Group LLC Buys 737 Shares of Deere & Company (NYSE:DE)

Larson Financial Group LLC raised its stake in shares of Deere & Company (NYSE:DE) by 41.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,510 shares of the industrial products company’s stock after acquiring an additional 737 shares during the period. Larson Financial Group LLC’s holdings in Deere & Company were worth $1,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DE. Legal & General Group Plc lifted its position in shares of Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock valued at $842,259,000 after purchasing an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock valued at $802,037,000 after acquiring an additional 279,627 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Deere & Company by 11.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 1,341,626 shares of the industrial products company’s stock valued at $559,901,000 after acquiring an additional 139,336 shares during the last quarter. Markel Group Inc. lifted its holdings in Deere & Company by 2.8% during the third quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock worth $362,702,000 after acquiring an additional 23,750 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in Deere & Company by 6.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 860,167 shares of the industrial products company’s stock valued at $358,973,000 after purchasing an additional 49,211 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of DE opened at $446.65 on Monday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $447.50. The company has a current ratio of 2.09, a quick ratio of 1.87 and a debt-to-equity ratio of 1.89. The company has a market cap of $122.20 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93. The stock has a 50-day moving average price of $406.99 and a 200-day moving average price of $386.22.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.26 EPS. As a group, equities analysts forecast that Deere & Company will post 21.41 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.32%. Deere & Company’s payout ratio is 22.97%.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America raised their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Citigroup boosted their target price 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, Morgan Stanley cut their price target on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $431.61.

About Deere & Company

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.