First Foundation Advisors Has $439,000 Stake in Deere & Company (NYSE:DE)

First Foundation Advisors lessened its holdings in shares of Deere & Company (NYSE:DE) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,176 shares of the industrial products company’s stock after selling 73 shares during the quarter. First Foundation Advisors’ holdings in Deere & Company were worth $439,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DE. Tompkins Financial Corp boosted its position in shares of Deere & Company by 2.6% during 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 during the last quarter. Field & Main Bank grew its stake in shares of Deere & Company by 0.7% in the 1st quarter. Field & Main Bank now owns 4,050 shares of the industrial products company’s stock worth $1,663,000 after acquiring an additional 27 shares in the last quarter. Range Financial Group LLC raised its holdings in shares of Deere & Company by 5.2% in the first 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 during the last quarter. Cooper Financial Group raised its holdings in shares of Deere & Company by 2.4% in the first quarter. Cooper Financial Group now owns 1,146 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 27 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC lifted its position in shares of Deere & Company by 4.2% during the first quarter. Mosaic Family Wealth Partners LLC now owns 699 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Buying and Selling at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now 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 is available at the SEC website. Insiders own 0.26% of the company’s stock.

Deere & Company Trading Up 1.5 %

NYSE:DE opened at $387.23 on Tuesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $417.46. The stock’s fifty day moving average price is $369.56 and its two-hundred day moving average price is $380.89. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The company has a market cap of $105.95 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.27 and a beta of 0.92.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the firm posted $10.20 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 25.07 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s dividend payout ratio is presently 17.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DE shares. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Stifel Nicolaus increased their price target on Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Daiwa Capital Markets boosted their price objective on Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Raymond James initiated coverage on Deere & Company in a research note on Friday, June 28th. They issued an “outperform” rating and a $420.00 price objective for the company. Finally, Oppenheimer lowered their target price on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $414.11.

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.