Woodward Diversified Capital LLC Boosts Stake in Deere & Company $DE

Woodward Diversified Capital LLC boosted its stake in Deere & Company (NYSE:DE) by 77.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,121 shares of the industrial products company’s stock after acquiring an additional 488 shares during the period. Woodward Diversified Capital LLC’s holdings in Deere & Company were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Activest Wealth Management boosted its stake 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 purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Deere & Company during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its position 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 acquiring an additional 36 shares during the last quarter. 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 during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the topic of several analyst reports. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Robert W. Baird decreased their price target on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Melius Research raised Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $518.06.

Deere & Company Stock Performance

NYSE DE opened at $451.43 on Thursday. The firm has a market capitalization of $122.04 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.94 and a beta of 1.03. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The business’s 50-day simple moving average is $486.80 and its 200-day simple moving average is $489.36.

Deere & Company (NYSE:DE) last announced its quarterly 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 analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $6.29 earnings per share. Equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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