Bender Robert & Associates purchased a new position in shares of Deere & Company (NYSE:DE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,450 shares of the industrial products company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in shares of Deere & Company in the first quarter valued at approximately $100,000. Kaizen Advisory LLC raised its stake in shares of Deere & Company by 158.4% in 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 during the last quarter. Winthrop Partners WNY LLC bought a new position in shares of Deere & Company in the first quarter valued at approximately $114,000. Clarus Wealth Advisors bought a new position in shares of Deere & Company in the second quarter valued at approximately $118,000. Finally, Amussen Hunsaker Associates LLC bought a new position in shares of Deere & Company in the second quarter valued at approximately $122,000. Hedge funds and other institutional investors own 66.40% of the company’s stock.

A number of brokerages recently weighed in on DE. Citigroup lowered their price target on shares of Deere & Company from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, June 20th. Deutsche Bank set a $155.00 price target on shares of Deere & Company and gave the company a “hold” rating in a report on Wednesday, September 5th. Credit Suisse Group lowered their price target on shares of Deere & Company from $231.00 to $221.00 and set an “outperform” rating for the company in a report on Monday, August 20th. Wells Fargo & Co lowered their target price on shares of Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, Stifel Nicolaus lowered their target price on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company 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 stock. Deere & Company presently has an average rating of “Buy” and an average price target of $177.75.

Shares of Deere & Company stock traded down $1.37 during trading on Wednesday, hitting $150.59. 7,197 shares of the stock were exchanged, compared to its average volume of 2,610,840. The firm has a market capitalization of $48.36 billion, a PE ratio of 22.53, a P/E/G ratio of 2.79 and a beta of 0.87. Deere & Company has a 1-year low of $127.53 and a 1-year high of $175.26. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.91 and a quick ratio of 1.66.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.16). The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.97 earnings per share. As a group, analysts expect that Deere & Company will post 9.5 EPS for the current year.

The company also recently disclosed 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. The ex-dividend date is Thursday, September 27th. This represents a $2.76 annualized dividend and a dividend yield of 1.83%. 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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