Pavion Blue Capital LLC Buys Shares of 467 Deere & Company $DE

Pavion Blue Capital LLC purchased a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 467 shares of the industrial products company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently modified their holdings of DE. Nuveen LLC purchased a new stake in shares of Deere & Company during the 1st quarter valued at approximately $571,073,000. TD Asset Management Inc increased its holdings in shares of Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after buying an additional 410,636 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after buying an additional 361,526 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after buying an additional 286,253 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Deere & Company by 23.4% in the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after purchasing an additional 256,806 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DE has been the subject of a number of research reports. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price objective for the company. JPMorgan Chase & Co. dropped 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 report on Tuesday, October 14th. 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. UBS Group set a $535.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Daiwa Capital Markets decreased 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 note on Thursday, September 25th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Up 1.1%

Shares of Deere & Company stock opened at $477.76 on Tuesday. 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 50-day moving average of $469.62 and a 200 day moving average of $489.44. The firm has a market cap of $129.15 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 3.04 and a beta of 1.02. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business earned $6.29 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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 paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 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.