Austin Private Wealth LLC Purchases 77 Shares of Deere & Company $DE

Austin Private Wealth LLC boosted its position in Deere & Company (NYSE:DE) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,240 shares of the industrial products company’s stock after purchasing an additional 77 shares during the quarter. Austin Private Wealth LLC’s holdings in Deere & Company were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Redmond Asset Management LLC raised its holdings in Deere & Company by 2.2% in the second quarter. Redmond Asset Management LLC now owns 1,829 shares of the industrial products company’s stock worth $930,000 after purchasing an additional 40 shares in the last quarter. Fairfield Financial Advisors LTD increased its holdings in shares of Deere & Company by 4.2% during the second quarter. Fairfield Financial Advisors LTD now owns 6,271 shares of the industrial products company’s stock valued at $3,189,000 after acquiring an additional 254 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Deere & Company by 1.3% during the second quarter. New York Life Investment Management LLC now owns 34,460 shares of the industrial products company’s stock valued at $17,523,000 after acquiring an additional 450 shares in the last quarter. Pavion Blue Capital LLC bought a new position in shares of Deere & Company during the second quarter valued at $237,000. Finally, Howard Capital Management Inc. increased its holdings in shares of Deere & Company by 18.6% during the second quarter. Howard Capital Management Inc. now owns 1,776 shares of the industrial products company’s stock valued at $903,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DE. Jefferies Financial Group reduced their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Wolfe Research reduced their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. JPMorgan Chase & Co. reduced their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Trading Down 2.0%

Deere & Company stock opened at $468.59 on Wednesday. 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 has a one year low of $387.03 and a one year high of $533.78. The stock has a market capitalization of $126.67 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.08 and a beta of 1.02. The business’s fifty day moving average is $469.21 and its 200 day moving average is $489.60.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the firm posted $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

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.