QTR Family Wealth LLC Buys New Shares in Deere & Company $DE

QTR Family Wealth LLC bought a new stake in Deere & Company (NYSE:DE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 420 shares of the industrial products company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its stake in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares during the period. Hughes Financial Services LLC bought a new stake in Deere & Company in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its stake in Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in Deere & Company in the second quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Deere & Company in the second quarter valued at approximately $39,000. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DE. DA Davidson dropped their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Daiwa Capital Markets dropped their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lowered their target price on Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Finally, Robert W. Baird lowered their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $518.06.

Deere & Company Trading Down 1.3%

Shares of NYSE:DE opened at $451.43 on Thursday. The company has a market capitalization of $122.04 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.94 and a beta of 1.03. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. 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 business’s 50 day simple moving average is $486.80 and its 200 day simple moving average is $489.36.

Deere & Company (NYSE:DE) last issued 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. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.29 earnings per share. On average, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued 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 dividend payout ratio (DPR) is currently 33.87%.

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.