Vanguard Personalized Indexing Management LLC Has $19.23 Million Position in Deere & Company $DE

Vanguard Personalized Indexing Management LLC increased its stake in shares of Deere & Company (NYSE:DE) by 23.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,802 shares of the industrial products company’s stock after purchasing an additional 7,232 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Deere & Company were worth $19,225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in DE. Brighton Jones LLC lifted its stake in Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the last quarter. GAMMA Investing LLC lifted its stake in Deere & Company by 30.6% in the first quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company’s stock valued at $1,753,000 after acquiring an additional 876 shares during the last quarter. SG Americas Securities LLC lifted its stake in Deere & Company by 42.3% in the first quarter. SG Americas Securities LLC now owns 5,836 shares of the industrial products company’s stock valued at $2,739,000 after acquiring an additional 1,735 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Deere & Company by 58.9% in the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock valued at $6,395,000 after acquiring an additional 5,053 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Deere & Company by 11.5% in the first quarter. Simon Quick Advisors LLC now owns 1,191 shares of the industrial products company’s stock valued at $559,000 after acquiring an additional 123 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DE shares. DA Davidson reduced their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Citigroup reduced their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Robert W. Baird reduced 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. Daiwa Capital Markets reduced their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average target price of $513.88.

Deere & Company Trading Down 2.1%

Shares of DE stock opened at $446.76 on Friday. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The firm’s fifty day simple moving average is $479.15 and its 200 day simple moving average is $488.39. The firm has a market capitalization of $120.77 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. 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 (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm posted $6.29 earnings per share. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given 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 yield of 1.5%. Deere & Company’s payout ratio is 33.87%.

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.