Puzo Michael J Has $758,000 Position in Deere & Company $DE

Puzo Michael J trimmed its position in Deere & Company (NYSE:DE) by 13.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,490 shares of the industrial products company’s stock after selling 236 shares during the period. Puzo Michael J’s holdings in Deere & Company were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of DE. Activest Wealth Management lifted its position in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC grew its stake in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company during the second quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Deere & Company in the second quarter valued at approximately $39,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DE has been the subject of a number of research reports. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Saturday, September 27th. Daiwa Capital Markets lowered their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Evercore ISI set a $491.00 price target on Deere & Company in a research report on Tuesday, August 19th. Finally, Oppenheimer reduced their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. One 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $518.18.

Deere & Company Stock Performance

Deere & Company stock opened at $461.08 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $124.64 billion, a P/E ratio of 24.10, a PEG ratio of 2.94 and a beta of 1.02. The stock’s 50 day moving average is $482.54 and its 200 day moving average is $488.94. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.29 EPS. On average, equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio 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.