Sigma Planning Corp Purchases 410 Shares of Deere & Company $DE

Sigma Planning Corp boosted its stake in shares of Deere & Company (NYSE:DE) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,783 shares of the industrial products company’s stock after acquiring an additional 410 shares during the quarter. Sigma Planning Corp’s holdings in Deere & Company were worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC boosted its holdings in Deere & Company by 5.3% during the 2nd quarter. Castlekeep Investment Advisors LLC now owns 2,713 shares of the industrial products company’s stock valued at $1,380,000 after acquiring an additional 136 shares during the period. Meridian Management Co. purchased a new stake in Deere & Company during the 2nd quarter valued at about $5,431,000. Gilbert & Cook Inc. boosted its holdings in Deere & Company by 8.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,600 shares of the industrial products company’s stock valued at $1,322,000 after acquiring an additional 199 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Deere & Company by 113.3% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,124 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 597 shares during the period. Finally, Triglav Investments D.O.O. boosted its holdings in Deere & Company by 92.3% during the 2nd quarter. Triglav Investments D.O.O. now owns 19,809 shares of the industrial products company’s stock valued at $10,072,000 after acquiring an additional 9,510 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DE has been the subject of several analyst reports. Royal Bank Of Canada initiated coverage on Deere & Company in a report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 target price for the company. 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. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Daiwa Capital Markets dropped their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Finally, UBS Group reiterated a “buy” rating on shares of Deere & Company in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Trading Down 0.0%

NYSE DE opened at $461.46 on Tuesday. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The stock has a market cap of $124.75 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The stock has a 50 day simple moving average of $467.21 and a two-hundred day simple moving average of $490.01. 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 (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $6.29 EPS. The business’s revenue was down 9.0% compared to the same quarter last year. On average, analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is currently 33.87%.

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.