Deere & Company $DE Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in Deere & Company (NYSE:DE) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,726 shares of the industrial products company’s stock after buying an additional 3,511 shares during the period. Rockefeller Capital Management L.P.’s holdings in Deere & Company were worth $32,913,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Deere & Company in the second quarter valued at approximately $25,000. Activest Wealth Management boosted its position in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Deere & Company during the 2nd quarter worth $38,000. Center for Financial Planning Inc. increased its position in Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after buying an additional 61 shares during the period. Finally, Livelsberger Financial Advisory acquired a new stake in Deere & Company in the second quarter worth $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price 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. Wells Fargo & Company assumed coverage on Deere & Company in a report on Thursday. They issued an “overweight” rating and a $543.00 price objective for the company. Daiwa Capital Markets lowered their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $520.05.

Deere & Company Price Performance

Shares of NYSE:DE opened at $475.76 on Monday. The firm has a market cap of $128.61 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a 1 year low of $390.00 and a 1 year high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The business has a fifty day simple moving average of $466.04 and a 200 day simple moving average of $491.08.

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

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s payout ratio 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.