Deere & Company (NYSE:DE) Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 91.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,061 shares of the industrial products company’s stock after buying an additional 507 shares during the period. Simplicity Wealth LLC’s holdings in Deere & Company were worth $498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC grew its holdings in shares of Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Deere & Company by 0.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock valued at $3,398,000 after buying an additional 24 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in Deere & Company by 2.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock valued at $432,000 after buying an additional 25 shares in the last quarter. Glen Eagle Advisors LLC boosted its stake in Deere & Company by 0.9% in the fourth quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock valued at $1,244,000 after buying an additional 25 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in Deere & Company by 0.8% in the fourth quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company’s stock valued at $1,337,000 after buying an additional 26 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Robert W. Baird raised their price objective on Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Morgan Stanley increased their target price on Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Citigroup dropped their target price on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Finally, Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $515.19.

Deere & Company Trading Up 1.0%

Shares of DE stock opened at $520.72 on Thursday. The stock has a market capitalization of $141.03 billion, a PE ratio of 23.08, a P/E/G ratio of 2.14 and a beta of 1.09. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The business has a 50-day moving average of $483.40 and a 200 day moving average of $467.81. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Deere & Company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $8.53 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio is currently 31.35%.

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.