SRS Capital Advisors Inc. bought a new position in Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 940 shares of the industrial products company’s stock, valued at approximately $141,000.

Several other institutional investors have also modified their holdings of DE. BB&T Corp boosted its position in Deere & Company by 2.0% during the second quarter. BB&T Corp now owns 45,800 shares of the industrial products company’s stock valued at $6,403,000 after purchasing an additional 919 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Deere & Company by 2.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after purchasing an additional 29,532 shares during the last quarter. Calamos Advisors LLC boosted its position in Deere & Company by 2.5% during the second quarter. Calamos Advisors LLC now owns 70,217 shares of the industrial products company’s stock valued at $9,816,000 after purchasing an additional 1,708 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Deere & Company by 56.3% during the second quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the industrial products company’s stock valued at $1,046,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Atria Investments LLC boosted its position in Deere & Company by 14.4% during the third quarter. Atria Investments LLC now owns 7,430 shares of the industrial products company’s stock valued at $1,117,000 after purchasing an additional 935 shares during the last quarter. 66.47% of the stock is owned by institutional investors and hedge funds.

NYSE DE opened at $144.81 on Friday. Deere & Company has a fifty-two week low of $128.32 and a fifty-two week 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. The stock has a market cap of $47.75 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 2.26 and a beta of 0.97.

Deere & Company (NYSE:DE) last posted its 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). Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.18 billion. During the same quarter last year, the business earned $1.97 earnings per share. Deere & Company’s quarterly revenue was up 35.9% on a year-over-year basis. Analysts anticipate that Deere & Company will post 9.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Friday, September 28th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.76 annualized dividend and a yield of 1.91%. Deere & Company’s dividend payout ratio (DPR) is currently 41.32%.

A number of analysts recently issued reports on DE shares. OTR Global cut Deere & Company to a “$139.21” rating in a research report on Wednesday, July 18th. UBS Group reduced their price objective on Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Goldman Sachs Group cut Deere & Company from a “conviction-buy” rating to a “buy” rating in a research report on Monday, July 16th. Argus reduced their price objective on Deere & Company to $160.00 and set a “buy” rating for the company in a research report on Monday, August 20th. Finally, Wells Fargo & Co reduced their price objective on Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Deere & Company currently has a consensus rating of “Buy” and a consensus price target of $177.75.

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Deere & 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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