Deere & Company $DE Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC reduced its holdings in shares of Deere & Company (NYSE:DE) by 21.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,500 shares of the industrial products company’s stock after selling 700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Deere & Company were worth $1,271,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Deere & Company during the second quarter valued at approximately $25,000. Activest Wealth Management increased its stake in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Deere & Company in the first quarter valued at $29,000. Cornerstone Planning Group LLC grew its holdings in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Deere & Company in the second quarter worth about $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DE. Robert W. Baird reduced their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Wolfe Research dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued 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 has a consensus rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Price Performance

Shares of NYSE DE opened at $466.98 on Friday. The firm has a 50-day moving average of $465.84 and a two-hundred day moving average of $490.08. The company has a market capitalization of $126.24 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 3.05 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $6.29 earnings per share. As a group, analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business 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 dividend of $1.62 per share. 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 payout ratio is 33.87%.

About Deere & Company

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.