Lion Street Advisors LLC Has $273,000 Holdings in Deere & Company (NYSE:DE)

Lion Street Advisors LLC grew its position in shares of Deere & Company (NYSE:DE) by 9.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 731 shares of the industrial products company’s stock after acquiring an additional 61 shares during the period. Lion Street Advisors LLC’s holdings in Deere & Company were worth $273,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Pineridge Advisors LLC raised its holdings in shares of Deere & Company by 725.0% during the 1st 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 in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the 4th quarter valued at $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC acquired a new position in Deere & Company during the fourth quarter worth $29,000. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Deere & Company from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday. TD Cowen lifted their price target on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research report on Friday, May 17th. BMO Capital Markets began coverage on shares of Deere & Company in a research report on Friday. They set a “market perform” rating and a $400.00 target price for the company. Finally, Oppenheimer lowered their price target on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Deere & Company has an average rating of “Hold” and a consensus price target of $424.78.

Deere & Company Price Performance

Shares of NYSE DE traded down $3.11 during midday trading on Friday, reaching $346.03. 1,335,203 shares of the company traded hands, compared to its average volume of 1,531,324. Deere & Company has a 12 month low of $340.20 and a 12 month high of $441.46. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.80 and a current ratio of 2.01. The stock’s 50-day simple moving average is $368.46 and its 200-day simple moving average is $381.69. The firm has a market cap of $95.36 billion, a PE ratio of 10.42, a PEG ratio of 1.59 and a beta of 0.93.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.86 by $0.67. The firm had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. During the same period last year, the firm posted $9.65 EPS. As a group, equities analysts anticipate that Deere & Company will post 25.41 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, June 28th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, June 28th. Deere & Company’s payout ratio is currently 17.70%.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Deere & Company 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.