1,921 Shares in Deere & Company $DE Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in Deere & Company (NYSE:DE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,921 shares of the industrial products company’s stock, valued at approximately $977,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN raised its holdings in Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after buying an additional 610 shares during the last quarter. Providence Capital Advisors LLC grew its holdings in Deere & Company by 2.1% during the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after acquiring an additional 303 shares during the last quarter. Bragg Financial Advisors Inc increased its position in Deere & Company by 12.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock valued at $3,386,000 after acquiring an additional 813 shares during the period. ASR Vermogensbeheer N.V. bought a new position in shares of Deere & Company during the first quarter valued at $13,588,000. Finally, United Asset Strategies Inc. bought a new position in shares of Deere & Company during the first quarter valued at $2,496,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 2.2%

Shares of Deere & Company stock opened at $487.03 on Friday. The stock’s 50-day moving average is $466.30 and its 200 day moving average is $490.82. Deere & Company has a one year low of $403.01 and a one year high of $533.78. The firm has a market cap of $131.66 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

DE has been the subject of a number of recent research reports. Daiwa Capital Markets decreased their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. DA Davidson reduced their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Oppenheimer decreased their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. JPMorgan Chase & Co. lowered their price objective on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Evercore ISI reduced their target price on Deere & Company from $491.00 to $487.00 in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $519.85.

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.