SkyView Investment Advisors LLC Has $385,000 Position in Deere & Company (NYSE:DE)

SkyView Investment Advisors LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,030 shares of the industrial products company’s stock after buying an additional 127 shares during the period. SkyView Investment Advisors LLC’s holdings in Deere & Company were worth $385,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DE. True Wealth Design LLC raised its position in Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Pineridge Advisors LLC raised its holdings in shares of Deere & Company by 725.0% in the first 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 during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at about $26,000. Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the fourth quarter valued at about $30,000. Finally, Spartan Planning & Wealth Management purchased a new position in Deere & Company during the fourth quarter worth about $33,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Up 1.6 %

DE opened at $418.00 on Monday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $419.63. The company has a market cap of $115.19 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The company has a 50 day moving average of $379.51 and a 200 day moving average of $384.15.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 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 firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the company earned $10.20 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, sell-side analysts expect that Deere & Company will post 25.03 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio is presently 17.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DE shares. Morgan Stanley decreased their price objective on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Truist Financial reaffirmed a “buy” rating and set a $443.00 price target (up from $439.00) on shares of Deere & Company in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Raymond James started 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, 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 target price on the stock. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $410.50.

About Deere & Company

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.