Modera Wealth Administration LLC lessened its holdings in Deere & Firm (NYSE:DE – Free Report) by 1.1% within the third quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the SEC. The agency owned 6,301 shares of the economic merchandise firm’s inventory after promoting 69 shares throughout the quarter. Modera Wealth Administration LLC’s holdings in Deere & Firm had been value $2,630,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders have additionally purchased and offered shares of the corporate. Oppenheimer Asset Administration Inc. raised its stake in Deere & Firm by 20.5% within the second quarter. Oppenheimer Asset Administration Inc. now owns 15,808 shares of the economic merchandise firm’s inventory valued at $5,906,000 after buying a further 2,692 shares within the final quarter. Royal Fund Administration LLC raised its stake in Deere & Firm by 99.8% within the third quarter. Royal Fund Administration LLC now owns 6,454 shares of the economic merchandise firm’s inventory valued at $2,694,000 after buying a further 3,223 shares within the final quarter. New Century Monetary Group LLC acquired a brand new place in Deere & Firm within the third quarter valued at about $1,052,000. Manning & Napier Advisors LLC acquired a brand new place in Deere & Firm within the second quarter valued at about $24,984,000. Lastly, Handelsbanken Fonder AB raised its stake in Deere & Firm by 2.2% within the third quarter. Handelsbanken Fonder AB now owns 90,871 shares of the economic merchandise firm’s inventory valued at $37,923,000 after buying a further 1,963 shares within the final quarter. Institutional traders and hedge funds personal 68.58% of the corporate’s inventory.
Analyst Scores Modifications
DE has been the topic of a number of analysis analyst stories. Deutsche Financial institution Aktiengesellschaft lowered their goal worth on Deere & Firm from $402.00 to $389.00 and set a “maintain” ranking for the corporate in a analysis be aware on Thursday, August eighth. BMO Capital Markets initiated protection on Deere & Firm in a analysis be aware on Friday, August ninth. They set a “market carry out” ranking and a $400.00 goal worth for the corporate. Citigroup boosted their goal worth on Deere & Firm from $395.00 to $420.00 and gave the inventory a “impartial” ranking in a analysis be aware on Wednesday, October ninth. Oppenheimer lowered their goal worth on Deere & Firm from $465.00 to $448.00 and set an “outperform” ranking for the corporate in a analysis be aware on Monday, July twenty second. Lastly, Truist Monetary boosted their goal worth on Deere & Firm from $443.00 to $496.00 and gave the inventory a “purchase” ranking in a analysis be aware on Wednesday, October ninth. Twelve analysts have rated the inventory with a maintain ranking and eight have given a purchase ranking to the corporate’s inventory. In response to MarketBeat, the inventory at present has a consensus ranking of “Maintain” and a consensus worth goal of $420.69.
Learn Our Newest Inventory Report on Deere & Firm
Deere & Firm Inventory Efficiency
Shares of DE inventory opened at $407.93 on Monday. The enterprise’s 50 day easy transferring common is $397.89 and its 200 day easy transferring common is $385.17. Deere & Firm has a one yr low of $340.20 and a one yr excessive of $420.47. The inventory has a market capitalization of $112.41 billion, a PE ratio of 12.28, a PEG ratio of 1.35 and a beta of 0.92. The corporate has a debt-to-equity ratio of 1.85, a present ratio of two.07 and a fast ratio of 1.87.
Deere & Firm (NYSE:DE – Get Free Report) final introduced its earnings outcomes on Thursday, August fifteenth. The commercial merchandise firm reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Firm had a return on fairness of 36.71% and a web margin of 14.69%. The enterprise had income of $11.39 billion for the quarter, in comparison with analysts’ expectations of $10.94 billion. Throughout the identical interval within the prior yr, the enterprise posted $10.20 earnings per share. The agency’s income was down 20.3% on a year-over-year foundation. As a bunch, analysis analysts forecast that Deere & Firm will submit 25.03 earnings per share for the present yr.
Deere & Firm Proclaims Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which might be paid on Friday, November eighth. Traders of document on Monday, September thirtieth might be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, September thirtieth. Deere & Firm’s payout ratio is presently 17.70%.
Deere & Firm Profile
Deere & Firm engages within the manufacture and distribution of assorted tools worldwide. The corporate operates by way of 4 segments: Manufacturing and Precision Agriculture, Small Agriculture and Turf, Development and Forestry, and Monetary Providers. The Manufacturing and Precision Agriculture phase supplies giant and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end tools, pull-behind scrapers, and tillage and seeding tools, in addition to utility tools, together with sprayers and nutrient administration, and soil preparation equipment for grain growers.
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