759 Deere & Company $DE Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. grew its position in shares of Deere & Company (NYSE:DE) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,742 shares of the industrial products company’s stock after buying an additional 759 shares during the quarter. Traynor Capital Management Inc.’s holdings in Deere & Company were worth $12,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Baxter Bros Inc. bought a new stake in shares of Deere & Company during the 2nd quarter worth about $1,707,000. Global Retirement Partners LLC acquired a new position in shares of Deere & Company during the 2nd quarter valued at about $3,890,000. Nykredit A S bought a new position in shares of Deere & Company in the 2nd quarter valued at approximately $44,378,000. TRB Wealth Management LLC bought a new position in shares of Deere & Company in the 2nd quarter valued at approximately $623,000. Finally, NewEdge Advisors LLC lifted its holdings in Deere & Company by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 43,459 shares of the industrial products company’s stock worth $27,567,000 after purchasing an additional 4,586 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $675.03 on Monday. The company has a market cap of $182.00 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.47 and a beta of 0.89. The business has a 50 day moving average price of $663.79 and a 200 day moving average price of $604.16. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a twelve month low of $454.50 and a twelve month high of $721.22.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The company had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the business posted $4.75 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts predict that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer upped their target price on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. DA Davidson lifted their price target on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Citigroup boosted their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Finally, Raymond James Financial upped their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.