Apella Capital LLC Has $904,000 Stake in Deere & Company (NYSE:DE)

Apella Capital LLC reduced its position in Deere & Company (NYSE:DE) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,171 shares of the industrial products company’s stock after selling 31 shares during the quarter. Apella Capital LLC’s holdings in Deere & Company were worth $904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. True Wealth Design LLC lifted its position in shares of Deere & Company by 1,180.0% during the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $26,000. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the 4th quarter valued at approximately $30,000. Finally, Spartan Planning & Wealth Management acquired a new position in Deere & Company during the 4th quarter worth approximately $33,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.2 %

Shares of NYSE DE traded down $0.75 during midday trading on Friday, reaching $407.99. The stock had a trading volume of 877,896 shares, compared to its average volume of 1,501,564. The company’s 50 day moving average price is $383.08 and its 200 day moving average price is $385.19. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The firm has a market cap of $112.43 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The business had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. Deere & Company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the firm earned $10.20 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 25.03 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio is 17.70%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DE. Raymond James started coverage on shares of Deere & Company in a research report on Friday, June 28th. They issued an “outperform” rating and a $420.00 target price on the stock. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Evercore ISI boosted their price objective on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Morgan Stanley lowered their target price on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Finally, BMO Capital Markets began coverage on 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $410.50.

Deere & Company 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.