Stableford Capital II LLC Purchases Shares of 1,488 Deere & Company $DE

Stableford Capital II LLC purchased a new stake in shares of Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,488 shares of the industrial products company’s stock, valued at approximately $944,000.

Other hedge funds also recently modified their holdings of the company. XY Planning Network Inc. grew its stake in shares of Deere & Company by 5.1% in the second quarter. XY Planning Network Inc. now owns 748 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 36 shares during the last quarter. Waverly Advisors LLC lifted its holdings in Deere & Company by 8.7% during the 2nd quarter. Waverly Advisors LLC now owns 35,614 shares of the industrial products company’s stock worth $22,591,000 after buying an additional 2,852 shares during the period. Empirical Finance LLC lifted its holdings in Deere & Company by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 9,310 shares of the industrial products company’s stock worth $5,906,000 after buying an additional 290 shares during the period. Nykredit A S bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $44,378,000. Finally, Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Oppenheimer raised their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings lowered shares of Deere & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price objective on the stock in a research note on Wednesday, September 2nd. Citigroup increased their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, Nomura raised shares of Deere & Company to a “buy” rating in a research note on Monday, August 31st. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $680.73.

Deere & Company Price Performance

Shares of DE opened at $680.72 on Wednesday. The firm has a market cap of $183.54 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90. Deere & Company has a 52-week low of $433.00 and a 52-week high of $705.88. The business’s 50 day moving average price is $621.37 and its two-hundred day moving average price is $597.52. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.75 EPS. On average, equities analysts anticipate that Deere & Company will post 18.12 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.

About Deere & Company

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.