Hudson Value Partners LLC Buys 243 Shares of Deere & Company $DE

Hudson Value Partners LLC grew its stake in Deere & Company (NYSE:DE) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the industrial products company’s stock after acquiring an additional 243 shares during the period. Hudson Value Partners LLC’s holdings in Deere & Company were worth $3,458,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Southland Equity Partners LLC boosted its stake in Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 21 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in Deere & Company by 1.7% in the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 21 shares in the last quarter. McLean Asset Management Corp boosted its stake in Deere & Company by 4.0% in the second quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 21 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its stake in Deere & Company by 1.3% in the second quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock valued at $860,000 after acquiring an additional 21 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 1.3%

Shares of Deere & Company stock opened at $451.43 on Thursday. 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 firm has a fifty day moving average price of $486.80 and a 200 day moving average price of $489.36. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The stock has a market cap of $122.04 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.03.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the company posted $6.29 earnings per share. The firm’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts predict 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 issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

Analysts Set New Price Targets

A number of research firms have issued reports on DE. 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 report on Thursday, September 25th. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Evercore ISI set a $491.00 price target on shares of Deere & Company in a report on Tuesday, August 19th. Finally, Oppenheimer decreased their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.06.

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.