Deere & Company $DE Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its holdings in Deere & Company (NYSE:DE) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,504 shares of the industrial products company’s stock after purchasing an additional 139 shares during the period. Kingsview Wealth Management LLC’s holdings in Deere & Company were worth $2,799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Deere & Company by 12.6% in the first quarter. Lindbrook Capital LLC now owns 770 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 86 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of Deere & Company by 7.7% during the first quarter. Crestwood Advisors Group LLC now owns 3,118 shares of the industrial products company’s stock valued at $1,464,000 after acquiring an additional 223 shares in the last quarter. Gries Financial LLC increased its holdings in Deere & Company by 4.5% during the 1st quarter. Gries Financial LLC now owns 1,150 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 50 shares during the last quarter. Finally, Obermeyer Wealth Partners boosted its stake in shares of Deere & Company by 75.3% during the 1st quarter. Obermeyer Wealth Partners now owns 54,835 shares of the industrial products company’s stock valued at $25,737,000 after buying an additional 23,557 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $474.00 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $397.75 and a 12 month high of $533.78. The business has a fifty day simple moving average of $465.91 and a 200-day simple moving average of $490.99. The stock has a market cap of $128.13 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DE shares. Oppenheimer lowered their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. DA Davidson lowered their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. cut their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, UBS Group reissued a “buy” rating on shares of Deere & Company in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $520.05.

Deere & 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.