First Command Advisory Services Inc. Boosts Stake in Deere & Company $DE

First Command Advisory Services Inc. boosted its stake in Deere & Company (NYSE:DE) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 610 shares of the industrial products company’s stock after buying an additional 50 shares during the quarter. First Command Advisory Services Inc.’s holdings in Deere & Company were worth $310,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Deere & Company in the 2nd quarter valued at $25,000. Activest Wealth Management raised its holdings in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company in the 1st quarter valued at $29,000. Cornerstone Planning Group LLC raised its holdings in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Deere & Company in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DE shares. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Citigroup cut their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. DA Davidson dropped their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Stock Up 1.1%

Shares of NYSE DE opened at $477.76 on Tuesday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company has a market cap of $129.15 billion, a P/E ratio of 24.97, a P/E/G ratio of 3.04 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock has a fifty day moving average price of $469.62 and a 200 day moving average price of $489.44.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) 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 firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm earned $6.29 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business 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 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is currently 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.