Clear Creek Financial Management LLC Sells 626 Shares of Deere & Company $DE

Clear Creek Financial Management LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 43.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 810 shares of the industrial products company’s stock after selling 626 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Deere & Company were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its holdings 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 acquiring an additional 55 shares during the period. Hughes Financial Services LLC bought a new stake in Deere & Company during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC grew its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of Deere & Company during the 2nd quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 2nd quarter valued at $39,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 2.1%

Shares of NYSE:DE opened at $446.76 on Friday. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78. The firm has a fifty day moving average of $479.15 and a 200 day moving average of $488.35. The firm has a market capitalization of $120.77 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business posted $6.29 earnings per share. The company’s revenue was down 9.0% on a year-over-year basis. As a group, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Truist Financial boosted their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday. Daiwa Capital Markets reduced 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 report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday. Finally, Robert W. Baird reduced their price target on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $513.88.

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.