Personal Capital Advisors Corp purchased a new stake in shares of Deere & Company (NYSE:DE) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,511 shares of the industrial products company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DE. Mount Yale Investment Advisors LLC bought a new stake in shares of Deere & Company during the first quarter valued at approximately $100,000. Kaizen Advisory LLC increased its position in shares of Deere & Company by 158.4% during the second quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 488 shares in the last quarter. Winthrop Partners WNY LLC bought a new stake in shares of Deere & Company during the first quarter valued at approximately $114,000. Clarus Wealth Advisors bought a new stake in shares of Deere & Company during the second quarter valued at approximately $118,000. Finally, Amussen Hunsaker Associates LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $122,000. 66.40% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Goldman Sachs Group cut shares of Deere & Company from a “conviction-buy” rating to a “buy” rating in a report on Monday, July 16th. Deutsche Bank set a $155.00 target price on shares of Deere & Company and gave the stock a “hold” rating in a report on Wednesday, September 5th. UBS Group dropped their target price on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Argus dropped their target price on shares of Deere & Company to $160.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Finally, Credit Suisse Group dropped their target price on shares of Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Deere & Company has an average rating of “Buy” and a consensus price target of $177.75.

Shares of Deere & Company stock opened at $148.42 on Friday. The firm has a market cap of $48.36 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. Deere & Company has a 1-year low of $127.38 and a 1-year high of $175.26. 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 (NYSE:DE) last issued its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.97 EPS. As a group, equities analysts expect that Deere & Company will post 9.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 27th. Deere & Company’s dividend payout ratio is presently 41.32%.

Deere & Company 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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