St. Johns Investment Management Company LLC Has $1.08 Million Position in Deere & Company $DE

St. Johns Investment Management Company LLC lowered its position in shares of Deere & Company (NYSE:DE) by 9.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,121 shares of the industrial products company’s stock after selling 224 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Deere & Company were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DE. Nuveen LLC acquired a new position in Deere & Company during the first quarter valued at approximately $571,073,000. TD Asset Management Inc grew its holdings in Deere & Company by 132.0% during the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after purchasing an additional 410,636 shares during the period. Voya Investment Management LLC grew its holdings in Deere & Company by 97.1% during the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after purchasing an additional 361,526 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Deere & Company by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after purchasing an additional 286,253 shares during the period. Finally, Invesco Ltd. grew its holdings in Deere & Company by 23.4% during the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after purchasing an additional 256,806 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DE shares. DA Davidson reduced their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Evercore ISI set a $491.00 price target on shares of Deere & Company in a report on Tuesday, August 19th. UBS Group set a $535.00 price target on shares of Deere & Company and gave the company a “buy” rating in a report on Friday. Finally, Wolfe Research reduced their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $517.35.

Deere & Company Stock Performance

Shares of DE opened at $460.01 on Wednesday. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a fifty day simple moving average of $471.43 and a 200 day simple moving average of $487.92. The stock has a market capitalization of $124.35 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.97 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the company posted $6.29 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. Research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio is presently 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.