Deere & Company $DE Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its stake in Deere & Company (NYSE:DE) by 182.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 79 shares of the industrial products company’s stock after buying an additional 51 shares during the quarter. Toth Financial Advisory Corp’s holdings in Deere & Company were worth $40,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DE. Southland Equity Partners LLC lifted its stake in Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 21 shares during the period. Tyler Stone Wealth Management increased its holdings in shares of Deere & Company by 1.7% in the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 21 shares during the period. McLean Asset Management Corp increased its holdings in shares of Deere & Company by 4.0% in the second quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 21 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in shares of Deere & Company by 2.4% in the first quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.3%

Shares of DE stock opened at $469.99 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The stock has a fifty day moving average of $493.23 and a two-hundred day moving average of $490.37. The firm has a market capitalization of $127.05 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 3.02 and a beta of 1.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm posted $6.29 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. As a group, research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Analyst Ratings Changes

DE has been the topic of a number of recent research reports. Evercore ISI set a $491.00 target price on Deere & Company in a report on Tuesday, August 19th. Citigroup dropped their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 30th. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Melius Research raised Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $517.27.

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.