Duncan Williams Asset Management LLC Sells 120 Shares of Deere & Company $DE

Duncan Williams Asset Management LLC lessened its holdings in shares of Deere & Company (NYSE:DE) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,692 shares of the industrial products company’s stock after selling 120 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Deere & Company were worth $861,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DE. Activest Wealth Management grew its holdings in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its position in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new position in Deere & Company in the second quarter valued at $39,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

Shares of DE stock opened at $462.59 on Monday. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The firm has a 50-day moving average of $484.64 and a 200-day moving average of $489.24. The company has a market cap of $125.05 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.98 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

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

Deere & Company Announces Dividend

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 issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DE shares. Daiwa Capital Markets decreased their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Saturday, September 27th. Finally, Robert W. Baird reduced their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.18.

Deere & Company 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.