Deere & Company (NYSE:DE) Holdings Decreased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lowered its stake in Deere & Company (NYSE:DE) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,660 shares of the industrial products company’s stock after selling 31 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Deere & Company were worth $693,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. First Western Trust Bank lifted its position in Deere & Company by 9.1% in the third quarter. First Western Trust Bank now owns 716 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 60 shares during the period. Prudent Man Advisors LLC raised its stake in shares of Deere & Company by 69.5% in the 3rd quarter. Prudent Man Advisors LLC now owns 2,203 shares of the industrial products company’s stock worth $919,000 after buying an additional 903 shares in the last quarter. Claro Advisors LLC lifted its holdings in shares of Deere & Company by 11.5% in the third quarter. Claro Advisors LLC now owns 1,293 shares of the industrial products company’s stock valued at $540,000 after buying an additional 133 shares during the period. Obsidian Personal Planning Solutions LLC bought a new position in Deere & Company during the third quarter valued at about $215,000. Finally, Tower Bridge Advisors grew its holdings in Deere & Company by 21.3% during the third quarter. Tower Bridge Advisors now owns 8,253 shares of the industrial products company’s stock worth $3,444,000 after acquiring an additional 1,450 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.4 %

Shares of NYSE:DE opened at $404.63 on Tuesday. The firm has a fifty day moving average of $404.38 and a two-hundred day moving average of $385.70. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The firm has a market capitalization of $110.71 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.45%. Deere & Company’s payout ratio is 20.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DE shares. Morgan Stanley reduced their price objective on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets began coverage on Deere & Company in a research report on Friday, August 9th. They set a “market perform” rating and a $400.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Finally, Oppenheimer reduced their target price 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average price target of $420.69.

About Deere & Company

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.