Deere & Company (NYSE:DE) Holdings Raised by Vista Investment Partners LLC

Vista Investment Partners LLC increased its position in shares of Deere & Company (NYSE:DE) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,950 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. Vista Investment Partners LLC’s holdings in Deere & Company were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tompkins Financial Corp boosted its position in Deere & Company by 2.6% in the first quarter. Tompkins Financial Corp now owns 981 shares of the industrial products company’s stock valued at $403,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Deere & Company by 0.7% in the first quarter. Global Retirement Partners LLC now owns 3,768 shares of the industrial products company’s stock valued at $1,548,000 after acquiring an additional 26 shares during the last quarter. Blue Chip Partners LLC boosted its holdings in shares of Deere & Company by 2.3% in the 4th quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 27 shares in the last quarter. Cooper Financial Group grew its position in Deere & Company by 2.4% during the 1st quarter. Cooper Financial Group now owns 1,146 shares of the industrial products company’s stock worth $471,000 after acquiring an additional 27 shares during the last quarter. Finally, Range Financial Group LLC increased its holdings in Deere & Company by 5.2% during the 1st quarter. Range Financial Group LLC now owns 548 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.2 %

DE traded up $4.66 during midday trading on Friday, reaching $377.92. 2,103,088 shares of the company were exchanged, compared to its average volume of 1,549,985. The stock has a market capitalization of $104.14 billion, a P/E ratio of 11.38, a PEG ratio of 1.59 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $425.42. The stock’s 50-day simple moving average is $367.47 and its 200 day simple moving average is $380.45. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.80 and a current ratio of 2.01.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter last year, the firm earned $10.20 EPS. Deere & Company’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, analysts forecast that Deere & Company will post 25.41 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 28th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, June 28th. Deere & Company’s dividend payout ratio is currently 17.70%.

Insider Activity at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DE shares. DA Davidson reduced their price objective on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Citigroup reduced their price target on shares of Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer decreased their price objective on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, BMO Capital Markets began coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a “market perform” rating and a $400.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $422.35.

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.