Deere & Company $DE Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in Deere & Company (NYSE:DE) by 18.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,541 shares of the industrial products company’s stock after buying an additional 1,984 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deere & Company were worth $6,377,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DE. OLD National Bancorp IN boosted its holdings in shares of Deere & Company by 2.6% in the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after acquiring an additional 610 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Deere & Company by 10.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock valued at $3,863,000 after purchasing an additional 798 shares in the last quarter. Providence Capital Advisors LLC increased its position in shares of Deere & Company by 2.1% during the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock valued at $6,871,000 after purchasing an additional 303 shares during the period. Bragg Financial Advisors Inc raised its stake in shares of Deere & Company by 12.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after buying an additional 813 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in shares of Deere & Company in the first quarter valued at $13,588,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DE shares. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Daiwa Capital Markets lowered their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research note on Tuesday, August 19th. Jefferies Financial Group dropped their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $513.88.

Deere & Company Price Performance

NYSE DE opened at $439.00 on Tuesday. The stock has a market capitalization of $118.67 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company has a 50 day moving average price of $477.70 and a two-hundred day moving average price of $488.26. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last posted its 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. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the company earned $6.29 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.5%. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

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.