Cambridge Advisors Inc. Sells 94 Shares of Deere & Company (NYSE:DE)

Cambridge Advisors Inc. lessened its holdings in Deere & Company (NYSE:DE) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,116 shares of the industrial products company’s stock after selling 94 shares during the quarter. Cambridge Advisors Inc.’s holdings in Deere & Company were worth $466,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC boosted its position in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Fairscale Capital LLC acquired a new position in Deere & Company in the second quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new position in Deere & Company in the third quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in Deere & Company in the second quarter valued at about $37,000. Finally, Centennial Bank AR raised its stake in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DE shares. BMO Capital Markets started coverage on Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target for the company. Oppenheimer dropped their price target on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and an average price target of $420.69.

Deere & Company Stock Performance

Deere & Company stock opened at $411.03 on Friday. The business has a 50 day moving average of $396.54 and a 200-day moving average of $385.38. Deere & Company has a 1 year low of $340.20 and a 1 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 company has a market capitalization of $113.27 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.35 and a beta of 0.92.

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

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio is presently 17.70%.

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.