RDA Financial Network Has $743,000 Stock Holdings in Deere & Company (NYSE:DE)

RDA Financial Network cut its stake in shares of Deere & Company (NYSE:DE) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,780 shares of the industrial products company’s stock after selling 153 shares during the period. RDA Financial Network’s holdings in Deere & Company were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SageView Advisory Group LLC raised its stake in Deere & Company by 188.4% during the 4th quarter. SageView Advisory Group LLC now owns 3,464 shares of the industrial products company’s stock worth $1,375,000 after buying an additional 2,263 shares during the period. MONECO Advisors LLC lifted its holdings in shares of Deere & Company by 42.7% during the 4th quarter. MONECO Advisors LLC now owns 945 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 283 shares in the last quarter. Cullen Investment Group LTD. grew its position in shares of Deere & Company by 0.8% in the 1st quarter. Cullen Investment Group LTD. now owns 28,303 shares of the industrial products company’s stock valued at $11,434,000 after purchasing an additional 236 shares during the period. Leibman Financial Services Inc. increased its stake in Deere & Company by 13.2% during the 1st quarter. Leibman Financial Services Inc. now owns 13,078 shares of the industrial products company’s stock worth $5,371,000 after purchasing an additional 1,526 shares in the last quarter. Finally, CWM LLC lifted its stake in Deere & Company by 49.2% in the first quarter. CWM LLC now owns 23,490 shares of the industrial products company’s stock valued at $9,648,000 after buying an additional 7,746 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James initiated coverage on shares of Deere & Company in a research note on Friday, June 28th. They issued an “outperform” rating and a $420.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research note on Friday. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Evercore ISI boosted their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $420.69.

Deere & Company Stock Performance

Shares of NYSE DE traded down $3.58 during midday trading on Tuesday, hitting $404.14. 502,782 shares of the company’s stock were exchanged, compared to its average volume of 1,475,954. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $111.37 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The company’s 50 day moving average price is $388.27 and its 200 day moving average price is $385.25.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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. The firm had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $10.20 earnings per share. As a group, analysts predict that Deere & Company will post 25.03 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio is 17.70%.

Deere & 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.