Kore Private Wealth LLC Raises Holdings in Deere & Company (NYSE:DE)

Kore Private Wealth LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,202 shares of the industrial products company’s stock after buying an additional 68 shares during the quarter. Kore Private Wealth LLC’s holdings in Deere & Company were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Deere & Company by 0.6% during the second quarter. Vanguard Group Inc. now owns 22,415,699 shares of the industrial products company’s stock valued at $7,906,241,000 after buying an additional 132,675 shares during the period. Geode Capital Management LLC increased its holdings in Deere & Company by 1.0% during the second quarter. Geode Capital Management LLC now owns 4,790,813 shares of the industrial products company’s stock valued at $1,684,583,000 after buying an additional 49,172 shares during the period. Nuveen Asset Management LLC increased its holdings in Deere & Company by 24.4% during the first quarter. Nuveen Asset Management LLC now owns 2,662,032 shares of the industrial products company’s stock valued at $995,972,000 after buying an additional 522,637 shares during the period. Weitzel Financial Services Inc. grew its holdings in Deere & Company by 35,664.3% in the second quarter. Weitzel Financial Services Inc. now owns 1,959,166 shares of the industrial products company’s stock worth $5,523,000 after purchasing an additional 1,953,688 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Deere & Company by 1.7% in the second quarter. Legal & General Group Plc now owns 1,939,017 shares of the industrial products company’s stock worth $683,911,000 after purchasing an additional 31,681 shares during the last quarter. 67.02% of the stock is currently owned by institutional investors.

In other news, insider Cory J. Reed sold 6,188 shares of the business’s stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $385.00, for a total transaction of $2,382,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by insiders.

Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Deere & Company from $450.00 to $442.00 and set an “overweight” rating on the stock in a report on Tuesday, July 13th. JPMorgan Chase & Co. cut their price target on shares of Deere & Company from $346.00 to $297.00 and set an “underweight” rating on the stock in a report on Monday, October 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $404.00 to $383.00 and set a “hold” rating on the stock in a report on Monday, August 23rd. Finally, Credit Suisse Group lifted their price target on shares of Deere & Company from $439.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Buy” and a consensus target price of $383.63.

DE stock opened at $329.00 on Thursday. The stock has a market capitalization of $102.01 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.91 and a beta of 1.06. The firm has a 50-day simple moving average of $360.78 and a 200-day simple moving average of $361.42. The company has a quick ratio of 1.93, a current ratio of 2.17 and a debt-to-equity ratio of 2.05. Deere & Company has a 52 week low of $221.73 and a 52 week high of $400.34.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 19th. The industrial products company reported $5.32 EPS for the quarter, topping analysts’ consensus estimates of $4.58 by $0.74. The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 12.82% and a return on equity of 37.60%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.57 earnings per share. On average, analysts expect that Deere & Company will post 18.9 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 8th. Stockholders of record on Thursday, September 30th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from Deere & Company’s previous quarterly dividend of $0.90. Deere & Company’s payout ratio is currently 48.33%.

About Deere & Company

Deere & Co engages in the manufacturing and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf; Construction and Forestry; and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts.

Read More: What does it mean to hold a stock in street name?

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.