Deere & Company $DE Stock Holdings Boosted by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its position in shares of Deere & Company (NYSE:DE) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,456 shares of the industrial products company’s stock after purchasing an additional 421 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Deere & Company were worth $3,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DE. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter valued at $25,000. Activest Wealth Management lifted its position in shares of Deere & Company by 2,750.0% during 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 stake in shares of Deere & Company during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC lifted its position in shares of Deere & Company by 116.1% during 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 stake in shares of Deere & Company during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.1%

Shares of DE opened at $473.16 on Thursday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $127.91 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.01 and a beta of 1.02. The stock’s 50-day moving average price is $468.82 and its 200 day moving average price is $489.70.

Deere & Company (NYSE:DE) last issued 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $6.29 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. As a group, research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research report on Tuesday. Robert W. Baird cut their price objective on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Oppenheimer decreased their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & 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.