Deere & Company $DE Shares Sold by Allianz SE

Allianz SE trimmed its holdings in Deere & Company (NYSE:DE) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,431 shares of the industrial products company’s stock after selling 520 shares during the period. Allianz SE’s holdings in Deere & Company were worth $8,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DE. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Deere & Company in the second quarter valued at approximately $25,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 2,750.0% in the 1st 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. Marshall & Sullivan Inc. WA acquired a new stake in shares of Deere & Company in the 2nd quarter valued at about $38,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 2nd quarter valued at $39,000. Finally, Center for Financial Planning Inc. raised its stake in Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.3%

Shares of NYSE DE opened at $479.22 on Thursday. The stock’s 50 day simple moving average is $466.00 and its 200 day simple moving average is $490.69. The company has a market cap of $129.55 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. 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 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the firm posted $6.29 EPS. Deere & Company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on DE. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Wolfe Research dropped their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Robert W. Baird decreased their price objective on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Daiwa Capital Markets lowered 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

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.