Vise Technologies Inc. Invests $2.68 Million in Deere & Company $DE

Vise Technologies Inc. acquired a new stake in Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,270 shares of the industrial products company’s stock, valued at approximately $2,680,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Deere & Company during the second quarter valued at approximately $25,000. Activest Wealth Management raised its position 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 purchasing an additional 55 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Deere & Company during the first quarter worth about $29,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Deere & Company in the second quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the second quarter worth about $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 1.6%

DE stock opened at $475.08 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a 50 day simple moving average of $465.76 and a 200-day simple moving average of $490.64. The company has a market capitalization of $128.43 billion, a P/E ratio of 24.83, a PEG ratio of 3.05 and a beta of 1.04. 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 data 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 firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, November 5th. Daiwa Capital Markets dropped their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. DA Davidson decreased 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. Wolfe Research lowered their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.72.

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.