Vestmark Advisory Solutions Inc. Increases Stock Holdings in Deere & Company $DE

Vestmark Advisory Solutions Inc. grew its stake in shares of Deere & Company (NYSE:DE) by 98.4% during the second quarter, Holdings Channel reports. The firm owned 9,855 shares of the industrial products company’s stock after purchasing an additional 4,889 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Deere & Company were worth $5,011,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DE. Mid American Wealth Advisory Group Inc. acquired a new stake in Deere & Company during the 2nd quarter worth $25,000. Activest Wealth Management boosted its stake in Deere & Company by 2,750.0% in the first 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 in the last quarter. Hughes Financial Services LLC purchased a new position in shares of Deere & Company during the first quarter worth about $29,000. Cornerstone Planning Group LLC increased its position 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 worth $31,000 after purchasing an additional 36 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Deere & Company in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research reports. Zacks Research downgraded Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Citigroup decreased their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Truist Financial lifted their target price on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Daiwa Capital Markets reduced their price target on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. Finally, Jefferies Financial Group decreased their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research note on Wednesday, October 8th. One equities research 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. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Price Performance

Shares of NYSE DE opened at $466.98 on Friday. The stock has a fifty day moving average price of $465.84 and a 200 day moving average price of $490.08. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market cap of $126.24 billion, a PE ratio of 24.41, a P/E/G ratio of 3.05 and a beta of 1.04.

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 analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.29 EPS. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 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.