Deere & Company $DE Stock Holdings Decreased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its position in shares of Deere & Company (NYSE:DE) by 8.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,849 shares of the industrial products company’s stock after selling 1,810 shares during the period. Deere & Company makes up approximately 1.5% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Teamwork Financial Advisors LLC’s holdings in Deere & Company were worth $13,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company in the 2nd quarter worth about $27,000. Kilter Group LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $29,000. Solstein Capital LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $30,000. Portus Wealth Advisors LLC purchased a new position in Deere & Company during the 1st quarter valued at about $32,000. Finally, Orion Capital Management LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 2.3%

Shares of NYSE DE traded down $14.63 during midday trading on Monday, reaching $627.23. 885,068 shares of the stock were exchanged, compared to its average volume of 1,363,250. The stock has a 50 day moving average price of $658.42 and a 200-day moving average price of $612.68. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $169.12 billion, a P/E ratio of 34.85, a P/E/G ratio of 2.35 and a beta of 0.86. Deere & Company has a 52-week low of $454.50 and a 52-week high of $721.22.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.75 earnings per share. Equities research analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on DE shares. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. CICC Research assumed coverage on shares of Deere & Company in a report on Sunday, September 13th. They issued an “outperform” rating on the stock. Raymond James Financial increased their price target on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Citigroup increased their price target on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Barclays raised their price objective on shares of Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.