949 Deere & Company $DE Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its position in shares of Deere & Company (NYSE:DE) by 13.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,161 shares of the industrial products company’s stock after acquiring an additional 949 shares during the quarter. Sigma Planning Corp’s holdings in Deere & Company were worth $5,472,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Deere & Company during the 2nd quarter worth approximately $11,763,504,000. Bank of America Corp DE acquired a new stake in Deere & Company during the second quarter worth about $1,685,093,000. Bank of New York Mellon Corp acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $1,259,279,000. Legal & General Group Plc purchased a new position in Deere & Company in the second quarter valued at $957,456,000. Finally, Wellington Management Group LLP increased its stake in shares of Deere & Company by 84.3% in the 2nd quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after purchasing an additional 1,412,694 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.8%

DE stock opened at $640.69 on Tuesday. The company has a market cap of $172.74 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.36 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $454.50 and a 12 month high of $721.22. The firm has a 50-day moving average of $658.72 and a two-hundred day moving average of $600.08.

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

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, August 24th. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Oppenheimer boosted their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, CICC Research initiated coverage on Deere & Company in a report on Sunday, September 13th. They set an “outperform” rating for the company. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

About Deere & Company

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.