Cozad Asset Management Inc. Has $998,000 Stake in Deere & Company (NYSE:DE)

Cozad Asset Management Inc. lessened its position in Deere & Company (NYSE:DE) by 44.1% in the third quarter, Holdings Channel.com reports. The firm owned 2,392 shares of the industrial products company’s stock after selling 1,890 shares during the quarter. Cozad Asset Management Inc.’s holdings in Deere & Company were worth $998,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Deere & Company by 20.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after purchasing an additional 2,692 shares during the last quarter. Balentine LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at about $710,000. Royal Fund Management LLC grew its position in shares of Deere & Company by 99.8% in the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock valued at $2,694,000 after buying an additional 3,223 shares during the last quarter. New Century Financial Group LLC acquired a new stake in shares of Deere & Company in the third quarter valued at about $1,052,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Deere & Company during the second quarter worth about $24,984,000. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Citigroup upped their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Truist Financial lifted their price objective on Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Twelve equities 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Stock Performance

DE opened at $411.16 on Friday. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The company has a market cap of $112.49 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.52 and a beta of 0.93. The company’s fifty day moving average price is $402.27 and its two-hundred day moving average price is $385.56. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.66. The business had revenue of $11.39 billion for 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 firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter last year, the firm earned $10.20 EPS. On average, analysts expect that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio is currently 20.06%.

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.