860 Shares in Deere & Company $DE Acquired by S&CO Inc.

S&CO Inc. bought a new stake in shares of Deere & Company (NYSE:DE) in the 2nd quarter, HoldingsChannel reports. The firm bought 860 shares of the industrial products company’s stock, valued at approximately $545,000.

A number of other large investors have also recently added to or reduced their stakes in DE. Timmons Wealth Management LLC acquired a new position in Deere & Company in the fourth quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at $30,000. Portus Wealth Advisors LLC bought a new stake in shares of Deere & Company during the 1st quarter worth $32,000. Wealth Watch Advisors INC bought a new stake in shares of Deere & Company during the 3rd quarter worth $32,000. Finally, SHP Wealth Management acquired a new position in shares of Deere & Company in the 4th quarter worth $33,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 0.0%

Shares of NYSE DE opened at $608.73 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The business has a 50-day moving average price of $603.23 and a two-hundred day moving average price of $588.27. The firm has a market capitalization of $164.32 billion, a PE ratio of 34.49, a PEG ratio of 2.57 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.64 EPS. As a group, analysts predict that Deere & Company will post 18.26 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s payout ratio is presently 36.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DE. Citigroup boosted their target price on Deere & Company from $575.00 to $610.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Raymond James Financial cut their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Truist Financial upped their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Deere & Company from $590.00 to $570.00 and set a “neutral” rating for the company in a report on Friday. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $641.98.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.