Deere & Company $DE Shares Purchased by Advisory Alpha LLC

Advisory Alpha LLC lifted its holdings in Deere & Company (NYSE:DE) by 0.5% in the first quarter, Holdings Channel reports. The firm owned 13,101 shares of the industrial products company’s stock after buying an additional 61 shares during the period. Advisory Alpha LLC’s holdings in Deere & Company were worth $6,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Activest Wealth Management raised its stake in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC purchased a new position in Deere & Company in the 1st quarter worth $29,000. Cornerstone Planning Group LLC raised its stake in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Orion Capital Management LLC purchased a new position in Deere & Company in the 4th quarter worth $34,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Deere & Company in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $481.11 on Tuesday. The stock has a 50-day simple moving average of $500.77 and a two-hundred day simple moving average of $490.65. The firm has a market capitalization of $130.06 billion, a P/E ratio of 25.15, a PEG ratio of 3.04 and a beta of 1.00. Deere & Company has a fifty-two week low of $378.66 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business earned $6.29 EPS. Deere & Company’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DE. Citigroup reduced their target price on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 30th. BMO Capital Markets restated a “market perform” rating and issued a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Bank of America raised their target price on Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Raymond James Financial raised their target price on Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Truist Financial reduced their price objective on Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $520.87.

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.