Deere & Company $DE Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in Deere & Company (NYSE:DE) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,274 shares of the industrial products company’s stock after selling 2,620 shares during the quarter. Cerity Partners LLC owned about 0.07% of Deere & Company worth $92,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DE. Jump Financial LLC acquired a new position in Deere & Company in the 2nd quarter valued at about $2,153,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Deere & Company by 67.9% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 764 shares of the industrial products company’s stock worth $389,000 after buying an additional 309 shares during the last quarter. Avestar Capital LLC raised its position in shares of Deere & Company by 121.1% during the 2nd quarter. Avestar Capital LLC now owns 3,598 shares of the industrial products company’s stock valued at $1,830,000 after buying an additional 1,971 shares during the period. StoneX Group Inc. raised its position in shares of Deere & Company by 38.9% during the 2nd quarter. StoneX Group Inc. now owns 3,066 shares of the industrial products company’s stock valued at $1,564,000 after buying an additional 858 shares during the period. Finally, SageView Advisory Group LLC lifted its holdings in Deere & Company by 0.6% in the second quarter. SageView Advisory Group LLC now owns 4,119 shares of the industrial products company’s stock valued at $2,103,000 after acquiring an additional 26 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DE has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Monday, December 1st. JPMorgan Chase & Co. decreased their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Oppenheimer increased their price target on Deere & Company from $512.00 to $531.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. Robert W. Baird reduced their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $518.95.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the transaction, the chief executive officer owned 112,453 shares in the company, valued at approximately $56,235,496.24. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Deere & Company Trading Down 1.6%

Shares of NYSE DE opened at $475.13 on Monday. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $128.44 billion, a PE ratio of 25.67, a PEG ratio of 1.75 and a beta of 1.00. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78. The stock has a fifty day simple moving average of $467.81 and a 200-day simple moving average of $488.77.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The firm had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the company posted $4.55 EPS. Deere & Company’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

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.