Ingalls & Snyder LLC Acquires 700 Shares of Deere & Company $DE

Ingalls & Snyder LLC increased its position in shares of Deere & Company (NYSE:DE) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,266 shares of the industrial products company’s stock after buying an additional 700 shares during the period. Deere & Company accounts for 1.1% of Ingalls & Snyder LLC’s holdings, making the stock its 17th biggest holding. Ingalls & Snyder LLC’s holdings in Deere & Company were worth $31,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company during the second quarter valued at about $25,000. 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 valued at $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Deere & Company during the first quarter valued at about $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company during the second quarter valued at about $38,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the subject of a number of analyst reports. Citigroup reduced their price objective 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. UBS Group set a $535.00 price objective on shares of Deere & Company and gave the company a “buy” rating in a report on Friday, October 17th. Oppenheimer reduced their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. Finally, Wolfe Research cut their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Performance

Shares of DE stock opened at $473.01 on Friday. The firm has a market cap of $127.87 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.04 and a beta of 1.02. 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 52 week low of $387.03 and a 52 week high of $533.78. The firm’s 50-day simple moving average is $469.88 and its two-hundred day simple moving average is $489.02.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm posted $6.29 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current 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 paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is 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.