Deere & Company $DE Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC trimmed its position in shares of Deere & Company (NYSE:DE) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,650 shares of the industrial products company’s stock after selling 323 shares during the period. Donald L. Hagan LLC’s holdings in Deere & Company were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DE. Activest Wealth Management boosted its stake in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC acquired a new position in Deere & Company during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its stake in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the 2nd quarter valued at about $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Deere & Company during the 2nd quarter valued at about $39,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Down 1.9%

NYSE DE opened at $456.78 on Wednesday. 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’s 50 day simple moving average is $488.06 and its 200 day simple moving average is $489.62. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The company has a market capitalization of $123.48 billion, a P/E ratio of 23.88, a PEG ratio of 2.99 and a beta of 1.00.

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

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Oppenheimer reduced their target price 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. Evercore ISI set a $491.00 price target on shares of Deere & Company in a research note on Tuesday, August 19th. Truist Financial reduced their price target on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Finally, Daiwa Capital Markets reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $518.06.

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.