Interchange Capital Partners LLC Has $231,000 Stock Holdings in Deere & Company $DE

Interchange Capital Partners LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454 shares of the industrial products company’s stock after selling 24 shares during the quarter. Interchange Capital Partners LLC’s holdings in Deere & Company were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. OLD National Bancorp IN lifted its holdings in Deere & Company by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after purchasing an additional 610 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Deere & Company by 10.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock valued at $3,863,000 after purchasing an additional 798 shares during the last quarter. Providence Capital Advisors LLC lifted its holdings in Deere & Company by 2.1% during the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock valued at $6,871,000 after purchasing an additional 303 shares during the last quarter. Bragg Financial Advisors Inc lifted its holdings in Deere & Company by 12.7% during the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock valued at $3,386,000 after purchasing an additional 813 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Deere & Company during the 1st quarter valued at $13,588,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.8%

Shares of NYSE DE opened at $473.01 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 52 week low of $387.03 and a 52 week high of $533.78. The stock has a market capitalization of $127.87 billion, a P/E ratio of 24.73, a PEG ratio of 3.04 and a beta of 1.02. The stock’s fifty day moving average is $469.88 and its 200 day moving average is $489.27.

Deere & Company (NYSE:DE) last issued its quarterly 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 return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the business earned $6.29 earnings per share. Deere & Company’s revenue was down 9.0% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a $1.62 dividend. 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 dividend payout ratio (DPR) is presently 33.87%.

Analyst Ratings Changes

Several brokerages have issued reports on DE. Jefferies Financial Group cut their price target on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Wolfe Research dropped their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Zacks Research downgraded Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Finally, Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & 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.