Deere & Company (NYSE:DE) Shares Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors grew its position in Deere & Company (NYSE:DE) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,196 shares of the industrial products company’s stock after purchasing an additional 136 shares during the period. Visionary Wealth Advisors’ holdings in Deere & Company were worth $507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock worth $2,792,082,000 after purchasing an additional 1,095,736 shares during the last quarter. Capital World Investors grew its position in Deere & Company by 2.7% in the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company’s stock worth $2,566,884,000 after purchasing an additional 157,224 shares during the last quarter. FMR LLC grew its position in Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock worth $2,364,843,000 after purchasing an additional 1,039,395 shares during the last quarter. Geode Capital Management LLC grew its position in Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company’s stock worth $2,247,216,000 after purchasing an additional 97,203 shares during the last quarter. Finally, Norges Bank bought a new position in Deere & Company in the 4th quarter worth about $1,244,094,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.7%

DE stock opened at $525.86 on Wednesday. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company’s 50 day simple moving average is $470.64 and its 200-day simple moving average is $456.41. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a market capitalization of $142.73 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.14 and a beta of 1.08.

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

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.23%. Deere & Company’s dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

Several research analysts have commented on DE shares. UBS Group decreased their target price on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. DA Davidson restated a “buy” rating and issued a $542.00 target price on shares of Deere & Company in a research report on Friday, May 16th. Barclays upped their target price on shares of Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Evercore ISI upped their price target on shares of Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $513.00.

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.