First Heartland Consultants Inc. Has $827,000 Stock Holdings in Deere & Company (NYSE:DE)

First Heartland Consultants Inc. increased its holdings in shares of Deere & Company (NYSE:DE) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,981 shares of the industrial products company’s stock after buying an additional 132 shares during the period. First Heartland Consultants Inc.’s holdings in Deere & Company were worth $827,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DE. Savvy Advisors Inc. acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $246,000. XXEC Inc. lifted its position in shares of Deere & Company by 55.4% during the 3rd quarter. XXEC Inc. now owns 16,838 shares of the industrial products company’s stock valued at $7,027,000 after acquiring an additional 6,001 shares during the period. Iyo Bank Ltd. lifted its position in shares of Deere & Company by 76.2% during the 3rd quarter. Iyo Bank Ltd. now owns 9,040 shares of the industrial products company’s stock valued at $3,773,000 after acquiring an additional 3,910 shares during the period. WealthPlan Investment Management LLC acquired a new position in shares of Deere & Company during the 3rd quarter valued at $351,000. Finally, First National Trust Co lifted its position in shares of Deere & Company by 1.6% during the 3rd quarter. First National Trust Co now owns 2,422 shares of the industrial products company’s stock valued at $1,011,000 after acquiring an additional 37 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 2.2 %

Shares of NYSE DE opened at $393.83 on Wednesday. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The firm’s 50 day simple moving average is $403.35 and its two-hundred day simple moving average is $385.61. The stock has a market capitalization of $107.75 billion, a P/E ratio of 13.44, a PEG ratio of 1.53 and a beta of 0.93.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same period last year, the business earned $10.20 earnings per share. The business’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s payout ratio is currently 20.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DE shares. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. BMO Capital Markets started coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a “market perform” rating and a $400.00 price target for the company. Morgan Stanley decreased their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Bank of America boosted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Finally, Citigroup boosted their price target 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. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $420.69.

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.