Garrison Financial Corp Trims Position in Deere & Company (DE)

Garrison Financial Corp lowered its position in shares of Deere & Company (NYSE:DE) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 25,107 shares of the industrial products company’s stock after selling 722 shares during the quarter. Deere & Company comprises about 1.9% of Garrison Financial Corp’s portfolio, making the stock its 23rd largest holding. Garrison Financial Corp’s holdings in Deere & Company were worth $3,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DE. FMR LLC grew its position in shares of Deere & Company by 3.2% in the 2nd quarter. FMR LLC now owns 10,120,872 shares of the industrial products company’s stock valued at $1,414,898,000 after buying an additional 316,150 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Deere & Company by 11.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,871,865 shares of the industrial products company’s stock valued at $401,491,000 after buying an additional 303,621 shares during the last quarter. Findlay Park Partners LLP grew its position in shares of Deere & Company by 86.4% in the 2nd quarter. Findlay Park Partners LLP now owns 1,359,572 shares of the industrial products company’s stock valued at $190,068,000 after buying an additional 630,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Deere & Company by 2.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after buying an additional 29,532 shares during the last quarter. Finally, Third Point LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $153,780,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

Shares of NYSE:DE opened at $141.72 on Monday. The stock has a market capitalization of $45.59 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.97. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.66 and a current ratio of 1.91. Deere & Company has a 1 year low of $128.32 and a 1 year high of $175.26.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.16). The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.18 billion. Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, equities research analysts forecast that Deere & Company will post 9.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Friday, September 28th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 27th. Deere & Company’s dividend payout ratio is 41.32%.

DE has been the topic of a number of analyst reports. Goldman Sachs Group lowered Deere & Company from a “conviction-buy” rating to a “buy” rating in a research report on Monday, July 16th. Deutsche Bank set a $155.00 price target on Deere & Company and gave the company a “hold” rating in a research report on Wednesday, September 5th. UBS Group reduced their price target on Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Zacks Investment Research downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Finally, Argus dropped their price objective on Deere & Company to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $177.75.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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