Deere & Company (NYSE:DE) Position Raised by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,844 shares of the industrial products company’s stock after buying an additional 439 shares during the period. Deere & Company makes up 2.6% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 10th biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Deere & Company were worth $21,239,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Deere & Company by 15.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,102 shares of the industrial products company’s stock worth $841,000 after purchasing an additional 288 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Deere & Company by 5.4% in the fourth quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock worth $791,000 after purchasing an additional 102 shares during the last quarter. 9258 Wealth Management LLC boosted its position in Deere & Company by 9.8% in the fourth quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock worth $790,000 after purchasing an additional 176 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in Deere & Company by 62.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,430 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 552 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Deere & Company in the fourth quarter worth about $380,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Deere & Company from $375.00 to $360.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. TD Cowen lifted their price objective on Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research report on Friday, May 17th. DA Davidson lowered their price objective on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $414.11.

Deere & Company Trading Down 0.5 %

DE traded down $2.11 during trading hours on Tuesday, reaching $385.12. 44,736 shares of the company’s stock traded hands, compared to its average volume of 1,525,602. The firm has a 50-day moving average price of $369.56 and a 200 day moving average price of $380.89. Deere & Company has a 52-week low of $340.20 and a 52-week 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 firm has a market capitalization of $105.37 billion, a PE ratio of 11.66, a PEG ratio of 1.27 and a beta of 0.92.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. 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 business earned $10.20 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, sell-side analysts predict that Deere & Company will post 25.07 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio 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.