Bahl & Gaynor Inc. Lowers Stock Position in Deere & Company $DE

Bahl & Gaynor Inc. lessened its position in shares of Deere & Company (NYSE:DE) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,332 shares of the industrial products company’s stock after selling 288 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Deere & Company were worth $1,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter valued at about $25,000. Activest Wealth Management boosted its position in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company in the second quarter valued at approximately $38,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the second quarter valued at approximately $39,000. Finally, Center for Financial Planning Inc. raised its stake in shares of 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 worth $39,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock opened at $487.03 on Friday. 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 company has a market capitalization of $131.66 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The firm’s 50-day moving average is $466.30 and its two-hundred day moving average is $490.92. Deere & Company has a 12 month low of $403.01 and a 12 month high of $533.78.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors 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 dividend on an annualized basis and a yield of 1.3%. Deere & Company’s dividend payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Robert W. Baird dropped their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Jefferies Financial Group decreased their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Finally, Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.85.

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.