GUNN & Co INVESTMENT MANAGEMENT INC. Sells 95 Shares of Deere & Company (NYSE:DE)

GUNN & Co INVESTMENT MANAGEMENT INC. decreased its holdings in Deere & Company (NYSE:DE) by 9.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 955 shares of the industrial products company’s stock after selling 95 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Deere & Company were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in shares of Deere & Company by 53.8% during the first quarter. Sound Income Strategies LLC now owns 512 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 179 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Deere & Company by 11.6% during the first quarter. Sunbelt Securities Inc. now owns 714 shares of the industrial products company’s stock valued at $293,000 after buying an additional 74 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new position in shares of Deere & Company in the 1st quarter valued at $241,000. Aspiriant LLC raised its stake in Deere & Company by 2.7% in the 1st quarter. Aspiriant LLC now owns 1,452 shares of the industrial products company’s stock worth $597,000 after acquiring an additional 38 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in Deere & Company by 38.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,652 shares of the industrial products company’s stock worth $1,911,000 after acquiring an additional 1,296 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on DE shares. Truist Financial lifted their price target on Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price objective on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Raymond James began coverage on Deere & Company in a report on Friday, June 28th. They issued an “outperform” rating and a $420.00 price objective for the company. Citigroup boosted their price objective on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Oppenheimer decreased their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $420.69.

Deere & Company Price Performance

NYSE:DE opened at $408.64 on Thursday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The stock has a 50 day moving average of $396.54 and a two-hundred day moving average of $385.38. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The firm has a market cap of $112.61 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. Deere & Company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the business earned $10.20 EPS. On average, analysts expect that Deere & Company will post 25.03 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is presently 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.