5,001 Shares in Deere & Company (NYSE:DE) Bought by RV Capital AG

RV Capital AG bought a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, Holdings Channel.com reports. The fund bought 5,001 shares of the industrial products company’s stock, valued at approximately $1,869,000. Deere & Company comprises 0.4% of RV Capital AG’s holdings, making the stock its 7th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC lifted its stake in Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. Pineridge Advisors LLC raised its position in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares during the period. Private Wealth Management Group LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $29,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $30,000. Finally, Spartan Planning & Wealth Management purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $33,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DE. Bank of America lifted their target price on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Oppenheimer dropped their target price on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Stifel Nicolaus lifted their target price on shares of Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a report on Friday, May 17th. Raymond James started coverage on shares of Deere & Company in a report on Friday, June 28th. They issued an “outperform” rating and a $420.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $414.11.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the transaction, the insider now directly owns 41,642 shares in the company, valued at $15,725,268.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

Deere & Company Stock Performance

DE traded down $2.11 on Tuesday, reaching $385.12. The company had a trading volume of 44,736 shares, compared to its average volume of 1,525,602. The stock has a 50-day moving average price of $369.56 and a 200-day moving average price of $380.89. Deere & Company has a 1 year low of $340.20 and a 1 year high of $417.46. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $105.37 billion, a PE ratio of 11.66, a P/E/G ratio of 1.27 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the prior year, the company earned $10.20 earnings per share. The business’s revenue was down 20.3% compared to the same quarter last year. As a group, research analysts forecast that Deere & Company will post 25.07 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.53%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.