Intercontinental Wealth Advisors LLC purchased a new stake in Deere & Company (NYSE:DE – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 559 shares of the industrial products company’s stock, valued at approximately $232,000.
Several other large investors have also recently bought and sold shares of DE. Nauset Wealth Management. LLC bought a new position in Deere & Company in the 1st quarter valued at $29,000. Bell Investment Advisors Inc boosted its holdings in Deere & Company by 120.0% in the 4th quarter. Bell Investment Advisors Inc now owns 88 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 48 shares during the period. Bank of New Hampshire purchased a new stake in shares of Deere & Company during the 1st quarter valued at $30,000. Crewe Advisors LLC raised its position in shares of Deere & Company by 3,233.3% during the 4th quarter. Crewe Advisors LLC now owns 100 shares of the industrial products company’s stock valued at $34,000 after buying an additional 97 shares in the last quarter. Finally, Sierra Capital LLC raised its position in shares of Deere & Company by 183.3% during the 4th quarter. Sierra Capital LLC now owns 102 shares of the industrial products company’s stock valued at $35,000 after buying an additional 66 shares in the last quarter. 67.35% of the stock is owned by institutional investors.
Deere & Company Trading Up 0.3 %
NYSE:DE opened at $343.31 on Friday. Deere & Company has a one year low of $283.81 and a one year high of $446.76. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.07 and a quick ratio of 1.76. The company’s 50-day simple moving average is $323.02 and its 200 day simple moving average is $364.75. The firm has a market capitalization of $104.93 billion, a P/E ratio of 17.91, a PEG ratio of 1.17 and a beta of 1.10.
Deere & Company Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Investors of record on Thursday, June 30th will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, June 29th. This represents a $4.52 annualized dividend and a yield of 1.32%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.05. Deere & Company’s payout ratio is presently 23.58%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on DE shares. Wells Fargo & Company lowered their price objective on shares of Deere & Company from $455.00 to $410.00 and set an “overweight” rating on the stock in a research report on Monday, May 23rd. Robert W. Baird decreased their target price on shares of Deere & Company from $487.00 to $442.00 and set an “outperform” rating on the stock in a research report on Sunday, May 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $425.00 target price on shares of Deere & Company in a research report on Friday, May 20th. DA Davidson decreased their target price on shares of Deere & Company from $480.00 to $445.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Finally, Jefferies Financial Group decreased their target price on shares of Deere & Company from $450.00 to $400.00 in a research report on Friday, July 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $399.56.
Insider Buying and Selling
In other Deere & Company news, insider John H. Stone sold 17,145 shares of Deere & Company stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $4,321.07, for a total value of $74,084,745.15. Following the completion of the transaction, the insider now directly owns 21,087 shares of the company’s stock, valued at $91,118,403.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.
Deere & Company Company Profile
Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.
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