Deere & Company $DE Stock Acquired by Mather Group LLC.

Mather Group LLC. lifted its position in shares of Deere & Company (NYSE:DE) by 296.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,603 shares of the industrial products company’s stock after purchasing an additional 5,686 shares during the period. Mather Group LLC.’s holdings in Deere & Company were worth $5,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its stake in Deere & Company by 3.2% in the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock valued at $308,000 after buying an additional 16 shares in the last quarter. Anchyra Partners LLC boosted its position in shares of Deere & Company by 0.5% during the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock worth $1,797,000 after acquiring an additional 17 shares in the last quarter. William B. Walkup & Associates Inc. boosted its position in shares of Deere & Company by 0.6% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after acquiring an additional 17 shares in the last quarter. Concorde Asset Management LLC boosted its position in shares of Deere & Company by 3.0% during the 2nd quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 17 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of Deere & Company by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DE shares. Barclays raised their target price on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Seaport Research Partners set a $570.00 price target on Deere & Company in a report on Friday, August 14th. CICC Research started coverage on shares of Deere & Company in a research note on Sunday, September 13th. They issued an “outperform” rating on the stock. Finally, Citigroup raised their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Stock Performance

NYSE DE opened at $650.38 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. Deere & Company has a 1 year low of $445.55 and a 1 year high of $721.22. The company has a market capitalization of $175.36 billion, a PE ratio of 36.13, a P/E/G ratio of 2.38 and a beta of 0.86. The company has a fifty day moving average of $657.66 and a two-hundred day moving average of $611.62.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.75 earnings per share. As a group, analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is presently 36.00%.

Deere & Company Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.