Pure Financial Advisors LLC Invests $565,000 in Deere & Company $DE

Pure Financial Advisors LLC purchased a new position in Deere & Company (NYSE:DE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,111 shares of the industrial products company’s stock, valued at approximately $565,000.

Other large investors have also bought and sold shares of the company. Activest Wealth Management grew its holdings in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC acquired a new stake in Deere & Company in the first quarter worth $29,000. Cornerstone Planning Group LLC grew its holdings in Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company in the second quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Deere & Company in the second quarter worth $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.2%

DE opened at $462.59 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company’s 50-day moving average is $484.64 and its 200 day moving average is $489.09. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The firm has a market capitalization of $125.05 billion, a P/E ratio of 24.18, a PEG ratio of 2.97 and a beta of 1.02.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm earned $6.29 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. Research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analyst Weigh In

DE has been the subject of a number of research reports. Truist Financial reduced their price target on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a report on Friday, August 15th. Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Daiwa Capital Markets dropped their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Robert W. Baird dropped their price objective on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Finally, Oppenheimer dropped their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.18.

Deere & Company Company Profile

Deere & Co engages in the manufacture 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 manufacture of a full line of agriculture and turf equipment and related service parts.