Koshinski Asset Management Inc. Has $12.72 Million Stock Holdings in Deere & Company $DE

Koshinski Asset Management Inc. raised its stake in shares of Deere & Company (NYSE:DE) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,013 shares of the industrial products company’s stock after purchasing an additional 426 shares during the period. Deere & Company accounts for 1.0% of Koshinski Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Koshinski Asset Management Inc.’s holdings in Deere & Company were worth $12,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ariston Services Group grew its holdings in Deere & Company by 33.7% during the second quarter. Ariston Services Group now owns 695 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 175 shares during the last quarter. VELA Investment Management LLC grew its holdings in Deere & Company by 158.3% during the second quarter. VELA Investment Management LLC now owns 2,588 shares of the industrial products company’s stock valued at $1,316,000 after purchasing an additional 1,586 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in Deere & Company by 0.4% during the second quarter. Chevy Chase Trust Holdings LLC now owns 135,830 shares of the industrial products company’s stock valued at $69,068,000 after purchasing an additional 489 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Deere & Company by 8.1% during the second quarter. Stratos Wealth Partners LTD. now owns 9,249 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 693 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC grew its holdings in Deere & Company by 3.7% during the second quarter. AssuredPartners Investment Advisors LLC now owns 1,753 shares of the industrial products company’s stock valued at $891,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.3%

DE opened at $458.63 on Friday. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. 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’s fifty day moving average price is $473.24 and its two-hundred day moving average price is $487.48. The company has a market capitalization of $123.98 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.94 and a beta of 1.02.

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

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a $1.62 dividend. 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 payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DE shares. Jefferies Financial Group lowered 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. Wolfe Research lowered their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Oppenheimer lowered their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Finally, DA Davidson lowered their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $517.35.

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.