1,093 Deere & Company $DE Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC grew its position in shares of Deere & Company (NYSE:DE) by 8.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,890 shares of the industrial products company’s stock after acquiring an additional 1,093 shares during the period. Simplicity Wealth LLC’s holdings in Deere & Company were worth $9,328,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Madrona Financial Services LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $201,000. Dudley Capital Management LLC acquired a new position in Deere & Company in the third quarter worth approximately $209,000. Canton Hathaway LLC acquired a new position in Deere & Company in the third quarter worth approximately $101,000. Gibbs Wealth Management increased its holdings in Deere & Company by 13.6% in the third quarter. Gibbs Wealth Management now owns 2,448 shares of the industrial products company’s stock worth $1,644,000 after buying an additional 294 shares during the last quarter. Finally, Lantern Wealth Advisors LLC raised its position in Deere & Company by 11.2% during the third quarter. Lantern Wealth Advisors LLC now owns 406 shares of the industrial products company’s stock valued at $273,000 after acquiring an additional 41 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DE. UBS Group reduced their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Nomura raised shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Truist Financial decreased their target price on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. CICC Research started coverage on shares of Deere & Company in a research note on Sunday, September 13th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Price Performance

Shares of NYSE:DE opened at $645.61 on Friday. The stock has a market capitalization of $174.07 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.36 and a beta of 0.86. The business has a 50-day moving average of $660.40 and a two-hundred day moving average of $614.23. Deere & Company has a fifty-two week low of $454.50 and a fifty-two week high of $721.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.75 EPS. On average, equities research analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

About Deere & Company

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.