Loudon Investment Management LLC lessened its holdings in Deere & Company (NYSE:DE) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,268 shares of the industrial products company’s stock after selling 410 shares during the period. Loudon Investment Management LLC’s holdings in Deere & Company were worth $1,435,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hanseatic Management Services Inc. boosted its stake in Deere & Company by 646.6% during the 1st quarter. Hanseatic Management Services Inc. now owns 4,666 shares of the industrial products company’s stock worth $725,000 after purchasing an additional 4,041 shares during the period. Daiwa Securities Group Inc. boosted its stake in Deere & Company by 12.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 9,160 shares of the industrial products company’s stock worth $1,423,000 after purchasing an additional 979 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Deere & Company by 12.0% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 30,554 shares of the industrial products company’s stock worth $4,609,000 after purchasing an additional 3,264 shares during the period. Morse Asset Management Inc boosted its stake in Deere & Company by 35.0% during the 1st quarter. Morse Asset Management Inc now owns 3,856 shares of the industrial products company’s stock worth $599,000 after purchasing an additional 1,000 shares during the period. Finally, Dupont Capital Management Corp boosted its stake in Deere & Company by 5,812.8% during the 1st quarter. Dupont Capital Management Corp now owns 99,394 shares of the industrial products company’s stock worth $15,438,000 after purchasing an additional 97,713 shares during the period. Institutional investors own 66.71% of the company’s stock.

A number of brokerages recently weighed in on DE. JPMorgan Chase & Co. set a $145.00 price target on shares of Deere & Company and gave the stock a “hold” rating in a research note on Monday. ValuEngine cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Bank of America upgraded shares of Deere & Company from a “neutral” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Thursday, May 3rd. UBS Group decreased their price target on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Finally, OTR Global cut shares of Deere & Company to a “$139.21” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Deere & Company has an average rating of “Buy” and an average target price of $180.03.

Deere & Company stock traded up $0.53 during trading hours on Friday, reaching $137.88. 167,606 shares of the stock were exchanged, compared to its average volume of 2,712,488. The company has a market cap of $44.44 billion, a P/E ratio of 20.19, a PEG ratio of 2.50 and a beta of 0.85. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.64 and a current ratio of 1.91. Deere & Company has a 52-week low of $112.87 and a 52-week high of $175.26.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 EPS for the quarter, missing the Zacks’ consensus estimate of $2.75 by ($0.16). The firm 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 27.67% and a net margin of 5.46%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. equities analysts predict that Deere & Company will post 9.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Friday, June 29th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $2.76 dividend on an annualized basis and a yield of 2.00%. This is an increase from Deere & Company’s previous quarterly dividend of $0.60. Deere & Company’s dividend payout ratio is presently 41.32%.

About Deere & Company

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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