PDS Planning Inc Buys 49 Shares of Deere & Company (NYSE:DE)

PDS Planning Inc grew its stake in Deere & Company (NYSE:DE) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,361 shares of the industrial products company’s stock after purchasing an additional 49 shares during the quarter. PDS Planning Inc’s holdings in Deere & Company were worth $2,986,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Deere & Company in the 4th quarter valued at $34,000. Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $39,000. Dogwood Wealth Management LLC bought a new position in shares of Deere & Company during the fourth quarter worth approximately $42,000. Wood Tarver Financial Group LLC bought a new position in shares of Deere & Company during the fourth quarter worth approximately $43,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Deere & Company in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DE shares. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Citigroup reduced their target price on Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 30th. DA Davidson reaffirmed a “buy” rating and issued a $542.00 price target on shares of Deere & Company in a research note on Friday, May 16th. Robert W. Baird upped their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $515.19.

Deere & Company Price Performance

Shares of DE opened at $506.87 on Thursday. The business has a 50-day simple moving average of $498.19 and a two-hundred day simple moving average of $471.85. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The stock has a market cap of $137.28 billion, a PE ratio of 24.52, a PEG ratio of 3.26 and a beta of 1.09.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $8.53 EPS. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, June 30th. Deere & Company’s dividend payout ratio is 31.35%.

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.