Resources Management Corp CT ADV Raises Position in Deere & Company $DE

Resources Management Corp CT ADV increased its holdings in Deere & Company (NYSE:DE) by 75.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350 shares of the industrial products company’s stock after purchasing an additional 150 shares during the quarter. Resources Management Corp CT ADV’s holdings in Deere & Company were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC raised 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 period. Tyler Stone Wealth Management raised its position in Deere & Company by 1.7% in the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 21 shares during the period. Sunbelt Securities Inc. raised its position in Deere & Company by 2.4% in the 1st quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 22 shares during the period. Hayek Kallen Investment Management raised its position in Deere & Company by 1.7% in the 1st quarter. Hayek Kallen Investment Management now owns 1,299 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 22 shares during the period. Finally, First Bancorp Inc ME grew its holdings in Deere & Company by 4.7% in the 1st quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Oppenheimer raised their price target on shares of Deere & Company from $560.00 to $566.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Robert W. Baird cut their price target on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Deere & Company in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $520.87.

Deere & Company Trading Down 0.5%

Shares of DE opened at $472.74 on Monday. The firm’s 50-day moving average price is $501.32 and its 200-day moving average price is $490.71. The firm has a market capitalization of $127.80 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 3.04 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 1-year low of $378.66 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.29 EPS. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

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.