ASR Vermogensbeheer N.V. Trims Position in Deere & Company $DE

ASR Vermogensbeheer N.V. lowered its position in Deere & Company (NYSE:DE) by 0.4% in the second quarter, Holdings Channel.com reports. The firm owned 28,839 shares of the industrial products company’s stock after selling 109 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Deere & Company were worth $14,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Deere & Company in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its holdings in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in Deere & Company in the 2nd quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.3%

Shares of DE opened at $451.43 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm has a 50 day simple moving average of $486.80 and a 200-day simple moving average of $489.36. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The stock has a market cap of $122.04 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.03.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the company posted $6.29 EPS. The company’s revenue was down 9.0% on a year-over-year basis. Equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analyst Weigh In

DE has been the topic of a number of analyst reports. Daiwa Capital Markets lowered their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Evercore ISI set a $491.00 target price on shares of Deere & Company in a report on Tuesday, August 19th. Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. Truist Financial dropped their target price on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, Oppenheimer dropped their target price on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $518.06.

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.