Courier Capital LLC Has $531,000 Position in Deere & Company $DE

Courier Capital LLC grew its holdings in shares of Deere & Company (NYSE:DE) by 49.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,044 shares of the industrial products company’s stock after acquiring an additional 346 shares during the period. Courier Capital LLC’s holdings in Deere & Company were worth $531,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management grew 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 worth $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC acquired a new stake in Deere & Company during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC grew its holdings in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company during the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the 2nd quarter valued at about $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

DE stock opened at $448.12 on Wednesday. The company has a market capitalization of $121.14 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.82 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 has a 52-week low of $387.03 and a 52-week high of $533.78. The business has a 50-day simple moving average of $476.51 and a two-hundred day simple moving average of $487.98.

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

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date 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 33.87%.

Analyst Ratings Changes

Several brokerages have recently commented on DE. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday, August 19th. DA Davidson reduced their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Daiwa Capital Markets reduced their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Finally, Robert W. Baird reduced their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $511.76.

Deere & Company 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.