DMKC Advisory Services LLC Sells 8,290 Shares of Deere & Company $DE

DMKC Advisory Services LLC lowered its stake in Deere & Company (NYSE:DE) by 56.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,488 shares of the industrial products company’s stock after selling 8,290 shares during the period. Deere & Company makes up 1.1% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 25th biggest position. DMKC Advisory Services LLC’s holdings in Deere & Company were worth $4,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DE. 71 West Capital Partners grew its position in Deere & Company by 13.9% during the 3rd quarter. 71 West Capital Partners now owns 2,103 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 256 shares during the last quarter. Welch & Forbes LLC increased its holdings in Deere & Company by 0.6% in the 3rd quarter. Welch & Forbes LLC now owns 7,316 shares of the industrial products company’s stock worth $4,913,000 after purchasing an additional 47 shares in the last quarter. Altiora Financial Group LLC bought a new position in Deere & Company in the third quarter valued at about $201,000. Montis Financial LLC raised its position in Deere & Company by 1.3% in the third quarter. Montis Financial LLC now owns 2,576 shares of the industrial products company’s stock valued at $1,730,000 after purchasing an additional 32 shares during the last quarter. Finally, Fairscale Capital LLC boosted its stake in shares of Deere & Company by 19.2% during the third quarter. Fairscale Capital LLC now owns 155 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DE. Bank of America lifted their price target on Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. Nomura upgraded shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a research report on Friday, August 14th. DA Davidson boosted their target price on shares of Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research report on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Trading Up 2.7%

NYSE DE opened at $689.80 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $668.20 and a 200 day simple moving average of $608.94. Deere & Company has a 12 month low of $455.90 and a 12 month high of $721.22. The firm has a market capitalization of $185.98 billion, a P/E ratio of 38.32, a PEG ratio of 1.92 and a beta of 0.89.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

About Deere & Company