Value Partners Investments Inc. Acquires 134 Shares of Deere & Company $DE

Value Partners Investments Inc. increased its holdings in shares of Deere & Company (NYSE:DE) by 10.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,475 shares of the industrial products company’s stock after purchasing an additional 134 shares during the period. Value Partners Investments Inc.’s holdings in Deere & Company were worth $749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DE. Activest Wealth Management lifted its stake in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company during the first quarter worth $29,000. Cornerstone Planning Group LLC lifted its position in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Orion Capital Management LLC bought a new stake in Deere & Company in the 4th quarter valued at $34,000. Finally, Mascagni Wealth Management Inc. acquired a new position in Deere & Company in the 4th quarter worth $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on DE. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Oppenheimer upped their price target on Deere & Company from $560.00 to $566.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. DA Davidson lowered their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $520.87.

Deere & Company Price Performance

Shares of DE opened at $471.35 on Friday. The company’s 50-day moving average is $497.38 and its 200-day moving average is $490.32. 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 firm has a market capitalization of $127.42 billion, a PE ratio of 24.64, a PEG ratio of 3.06 and a beta of 1.00. Deere & Company has a fifty-two week low of $386.42 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The business 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%. Deere & Company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.29 EPS. Equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company 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 is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 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.