MJP Associates Inc. ADV Increases Stock Holdings in Deere & Company $DE

MJP Associates Inc. ADV increased its position in shares of Deere & Company (NYSE:DE) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 630 shares of the industrial products company’s stock after acquiring an additional 128 shares during the quarter. MJP Associates Inc. ADV’s holdings in Deere & Company were worth $320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $25,000. Activest Wealth Management grew its position in Deere & Company by 2,750.0% in the first 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. Marshall & Sullivan Inc. WA purchased a new position in Deere & Company in the second quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the second quarter worth $39,000. Finally, Center for Financial Planning Inc. raised its position in Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock opened at $475.76 on Friday. The firm has a 50 day moving average of $466.04 and a two-hundred day moving average of $490.89. The stock has a market capitalization of $128.61 billion, a PE ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 52 week low of $390.00 and a 52 week high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings data 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 return on equity of 21.97% and a net margin of 11.72%.The business 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 earned $6.29 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DE shares. Citigroup lowered their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group reduced their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday. Finally, Wolfe Research dropped their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $520.05.

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.