Coppell Advisory Solutions Corp. Takes $404,000 Position in Deere & Company (NYSE:DE)

Coppell Advisory Solutions Corp. bought a new position in shares of Deere & Company (NYSE:DE) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 984 shares of the industrial products company’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. Norges Bank acquired a new position in Deere & Company during the 4th quarter worth approximately $1,248,036,000. International Assets Investment Management LLC boosted its stake in shares of Deere & Company by 46,241.1% in the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after purchasing an additional 838,813 shares during the period. Parnassus Investments LLC grew its holdings in Deere & Company by 22.4% during the 4th quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock valued at $1,541,967,000 after purchasing an additional 705,771 shares in the last quarter. Vanguard Group Inc. increased its stake in Deere & Company by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company’s stock worth $9,031,500,000 after buying an additional 263,709 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Deere & Company by 3,064.1% in the 1st quarter. SG Americas Securities LLC now owns 175,386 shares of the industrial products company’s stock worth $72,038,000 after buying an additional 169,843 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DE. Morgan Stanley lifted their target price on Deere & Company from $430.00 to $450.00 in a research report on Wednesday, May 15th. Stifel Nicolaus upped their target price on Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Oppenheimer decreased their price target on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Raymond James initiated coverage on shares of Deere & Company in a research note on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target for the company. Finally, DA Davidson decreased their price objective on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a report on Monday, May 20th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company has a consensus rating of “Hold” and an average target price of $426.71.

Deere & Company Stock Performance

Shares of DE stock traded down $12.33 during trading hours on Thursday, reaching $359.65. The stock had a trading volume of 1,343,747 shares, compared to its average volume of 1,506,587. Deere & Company has a twelve month low of $345.93 and a twelve month high of $441.46. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The firm has a market capitalization of $99.11 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The firm has a 50-day simple moving average of $371.71 and a 200-day simple moving average of $383.35.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the firm posted $9.65 earnings per share. The business’s revenue was down 15.4% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 25.41 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, June 28th. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

Insider Activity at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the sale, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

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.