Aviso Financial Inc. Decreases Stake in Deere & Company $DE

Aviso Financial Inc. lessened its stake in shares of Deere & Company (NYSE:DE) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,172 shares of the industrial products company’s stock after selling 108 shares during the period. Aviso Financial Inc.’s holdings in Deere & Company were worth $1,613,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Deere & Company during the first quarter worth $571,073,000. TD Asset Management Inc raised its stake in Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after acquiring an additional 410,636 shares during the last quarter. Voya Investment Management LLC raised its stake in Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after acquiring an additional 361,526 shares during the last quarter. Vanguard Group Inc. lifted its position in Deere & Company by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after acquiring an additional 309,081 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Deere & Company by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after acquiring an additional 286,253 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.2%

Shares of DE stock opened at $488.42 on Tuesday. 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 cap of $132.03 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.05 and a beta of 1.04. The stock has a 50 day simple moving average of $466.68 and a 200-day simple moving average of $491.04. Deere & Company has a 1-year low of $403.01 and a 1-year high of $533.78.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.62 per share. 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DE shares. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Jefferies Financial Group dropped their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Oppenheimer decreased their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. Finally, Evercore ISI dropped their price objective on shares of Deere & Company from $491.00 to $487.00 in a report on Monday, November 17th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price 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.