Deere & Company $DE Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,230 shares of the industrial products company’s stock after selling 925 shares during the period. Metis Global Partners LLC’s holdings in Deere & Company were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after buying an additional 1,278 shares in the last quarter. Allworth Financial LP raised its position in Deere & Company by 5.0% during the first quarter. Allworth Financial LP now owns 6,873 shares of the industrial products company’s stock worth $3,192,000 after acquiring an additional 326 shares during the last quarter. Alps Advisors Inc. raised its position in Deere & Company by 8.0% during the first quarter. Alps Advisors Inc. now owns 5,642 shares of the industrial products company’s stock worth $2,648,000 after acquiring an additional 418 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Deere & Company by 65.1% in the first quarter. Cerity Partners LLC now owns 183,894 shares of the industrial products company’s stock valued at $86,312,000 after purchasing an additional 72,519 shares in the last quarter. Finally, MJP Associates Inc. ADV acquired a new stake in shares of Deere & Company in the first quarter valued at approximately $236,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Oppenheimer cut their price objective 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. 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. JPMorgan Chase & Co. reduced their price objective on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. 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 research report on Wednesday, October 8th. Finally, Daiwa Capital Markets reduced their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Performance

NYSE DE opened at $466.98 on Friday. The business’s 50-day moving average price is $465.84 and its 200 day moving average price is $490.33. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a market capitalization of $126.24 billion, a PE ratio of 24.41, a price-to-earnings-growth 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 (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 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 company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the business earned $6.29 EPS. The firm’s revenue was down 9.0% on a year-over-year basis. On average, research analysts predict that Deere & Company will post 19.32 earnings per share for the current 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 given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio is 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.