Cowa LLC Takes Position in Deere & Company (NYSE:DE)

Cowa LLC acquired a new stake in Deere & Company (NYSE:DE) in the third quarter, Holdings Channel.com reports. The fund acquired 535 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other institutional investors have also modified their holdings of DE. Fairscale Capital LLC acquired a new position in Deere & Company during the 2nd quarter worth $26,000. Pineridge Advisors LLC grew its stake in Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter worth $32,000. Olistico Wealth LLC acquired a new position in Deere & Company during the 2nd quarter worth $37,000. Finally, Centennial Bank AR grew its stake in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Down 4.2 %

Deere & Company stock opened at $393.99 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The stock has a 50 day moving average of $403.02 and a two-hundred day moving average of $385.69. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $107.80 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period last year, the firm earned $10.20 EPS. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, research analysts expect that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. Deere & Company’s payout ratio is 20.06%.

Analysts Set New Price Targets

Several research firms recently commented on DE. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Citigroup increased their price objective on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI increased their price objective on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Morgan Stanley dropped their price objective on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, Oppenheimer dropped their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $420.69.

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.