Deere & Company $DE Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC lowered its holdings in Deere & Company (NYSE:DE) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,851 shares of the industrial products company’s stock after selling 108 shares during the period. Deere & Company makes up 1.9% of Cutler Investment Counsel LLC’s portfolio, making the stock its 19th biggest position. Cutler Investment Counsel LLC’s holdings in Deere & Company were worth $17,268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DE. Vanguard Group Inc. grew its holdings in Deere & Company by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company’s stock valued at $10,355,546,000 after purchasing an additional 185,671 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Deere & Company by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after purchasing an additional 286,253 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Deere & Company by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock valued at $852,254,000 after purchasing an additional 35,075 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Deere & Company by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock valued at $727,046,000 after purchasing an additional 25,725 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Deere & Company by 23.4% during the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after purchasing an additional 256,806 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 1.6%

Deere & Company stock opened at $439.00 on Tuesday. The firm’s 50-day moving average is $477.70 and its 200-day moving average is $488.26. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The company has a market cap of $118.67 billion, a P/E ratio of 22.95, a PEG ratio of 2.87 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) 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 company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the firm posted $6.29 EPS. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DE shares. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Jefferies Financial Group lowered their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Citigroup lowered their price target on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, Robert W. Baird lowered their price target on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $513.88.

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.