M. Kraus & Co Purchases Shares of 398 Deere & Company $DE

M. Kraus & Co purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 398 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors also recently bought and sold shares of the business. Southland Equity Partners LLC raised its stake in Deere & Company by 3.9% during the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 20 shares during the period. Chicago Partners Investment Group LLC grew its position in Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 21 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Deere & Company by 1.7% in the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 21 shares in the last quarter. McLean Asset Management Corp boosted its holdings in shares of Deere & Company by 4.0% in the second quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 21 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its holdings in shares of Deere & Company by 1.3% in the second quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock valued at $860,000 after acquiring an additional 21 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday. Wolfe Research reduced 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday. Robert W. Baird decreased their price objective on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Finally, Citigroup cut their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Price Performance

Shares of DE opened at $455.73 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company’s 50-day moving average is $480.23 and its 200-day moving average is $488.58. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The firm has a market capitalization of $123.20 billion, a PE ratio of 23.82, a PEG ratio of 2.97 and a beta of 1.02.

Deere & Company (NYSE:DE) last released its quarterly earnings results 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 net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the company posted $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. Equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Deere & 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.