PDS Planning Inc Purchases 130 Shares of Deere & Company $DE

PDS Planning Inc grew its holdings in shares of Deere & Company (NYSE:DE) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,491 shares of the industrial products company’s stock after acquiring an additional 130 shares during the quarter. PDS Planning Inc’s holdings in Deere & Company were worth $3,301,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DE. Activest Wealth Management boosted its position in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares during the period. Hughes Financial Services LLC bought a new stake in shares of Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its stake in shares of Deere & Company by 116.1% in 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. Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Deere & Company in the 2nd quarter worth approximately $39,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DE has been the topic of a number of analyst reports. Jefferies Financial Group decreased their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday. Daiwa Capital Markets dropped 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. Robert W. Baird dropped their price target on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $513.88.

Deere & Company Stock Down 2.1%

Shares of NYSE DE opened at $446.76 on Friday. 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 12 month low of $387.03 and a 12 month high of $533.78. The firm has a market capitalization of $120.77 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. The firm has a fifty day simple moving average of $479.15 and a two-hundred day simple moving average of $488.35.

Deere & Company (NYSE:DE) last announced 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 net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the company earned $6.29 earnings per share. Deere & Company’s quarterly revenue was down 9.0% on a year-over-year basis. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio 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.