TRUE Private Wealth Advisors purchased a new position in shares of Deere & Company (NYSE:DE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,429 shares of the industrial products company’s stock, valued at approximately $367,000.
Other large investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in Deere & Company during the 1st quarter worth $100,000. Clarus Wealth Advisors acquired a new stake in Deere & Company during the 2nd quarter worth $118,000. Kaizen Advisory LLC raised its stake in Deere & Company by 158.4% during the 2nd quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 488 shares in the last quarter. Winthrop Partners WNY LLC acquired a new stake in Deere & Company during the 1st quarter worth $114,000. Finally, Amussen Hunsaker Associates LLC acquired a new stake in Deere & Company during the 2nd quarter worth $122,000. Hedge funds and other institutional investors own 66.60% of the company’s stock.
Several brokerages have issued reports on DE. UBS Group lowered their price objective on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. OTR Global downgraded shares of Deere & Company to a “$139.21” rating in a research report on Wednesday, July 18th. Argus lowered their price objective on shares of Deere & Company to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Stifel Nicolaus lowered their price objective on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Finally, Goldman Sachs Group downgraded shares of Deere & Company from a “conviction-buy” rating to a “buy” rating in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $177.75.
Shares of NYSE:DE opened at $147.20 on Friday. The stock has a market capitalization of $48.78 billion, a PE ratio of 22.04, a PEG ratio of 2.81 and a beta of 0.87. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 2.59. Deere & Company has a fifty-two week low of $127.53 and a fifty-two week high of $175.26.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. On average, equities analysts predict that Deere & Company will post 9.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 27th. Deere & Company’s payout ratio is 41.32%.
Deere & Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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