Joel Isaacson & Co. LLC Purchases 101 Shares of Deere & Company $DE

Joel Isaacson & Co. LLC raised its position in Deere & Company (NYSE:DE) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 1,438 shares of the industrial products company’s stock after acquiring an additional 101 shares during the period. Joel Isaacson & Co. LLC’s holdings in Deere & Company were worth $731,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Slow Capital Inc. grew its position in shares of Deere & Company by 2.4% during the second quarter. Slow Capital Inc. now owns 14,739 shares of the industrial products company’s stock worth $7,499,000 after purchasing an additional 340 shares in the last quarter. Roundview Capital LLC lifted its holdings in Deere & Company by 4.8% in the 2nd quarter. Roundview Capital LLC now owns 3,998 shares of the industrial products company’s stock worth $2,033,000 after purchasing an additional 184 shares in the last quarter. Tyche Wealth Partners LLC lifted its holdings in Deere & Company by 9.8% in the 2nd quarter. Tyche Wealth Partners LLC now owns 705 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 63 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Deere & Company by 1.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 159,529 shares of the industrial products company’s stock worth $81,339,000 after purchasing an additional 2,200 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in Deere & Company in the 2nd quarter worth approximately $470,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE:DE opened at $461.08 on Wednesday. The firm has a market capitalization of $124.64 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.94 and a beta of 1.02. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The business has a 50 day simple moving average of $482.54 and a 200-day simple moving average of $488.94. 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 (NYSE:DE) last posted 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. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company earned $6.29 EPS. Equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.62 dividend. 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 dividend payout ratio (DPR) is presently 33.87%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DE. Robert W. Baird lowered their price target on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Oppenheimer reduced their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Truist Financial reduced their price objective on Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. Finally, Wolfe Research reduced their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.18.

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.