Journey Strategic Wealth LLC Buys 669 Shares of Deere & Company $DE

Journey Strategic Wealth LLC lifted its stake in Deere & Company (NYSE:DE) by 34.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,594 shares of the industrial products company’s stock after acquiring an additional 669 shares during the period. Journey Strategic Wealth LLC’s holdings in Deere & Company were worth $1,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Power Wealth Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $336,000. Swiss National Bank grew its holdings in Deere & Company by 7.0% in the second quarter. Swiss National Bank now owns 780,600 shares of the industrial products company’s stock worth $396,927,000 after purchasing an additional 51,000 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of Deere & Company by 4.8% during the second quarter. Personal CFO Solutions LLC now owns 1,217 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 56 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of Deere & Company by 13.6% during the 2nd quarter. Willis Investment Counsel now owns 34,200 shares of the industrial products company’s stock valued at $17,390,000 after purchasing an additional 4,100 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in shares of Deere & Company in the 2nd quarter worth $17,662,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE DE opened at $476.84 on Friday. Deere & Company has a 1 year low of $403.01 and a 1 year 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. The company’s fifty day moving average price is $465.99 and its 200 day moving average price is $490.78. The company has a market capitalization of $128.90 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company Announces Dividend

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

Analyst Ratings Changes

DE has been the topic of several recent analyst reports. Daiwa Capital Markets reduced their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Wolfe Research decreased their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company initiated coverage on shares of Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target on the stock. Finally, Evercore ISI lowered their price target on Deere & Company from $491.00 to $487.00 in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $519.85.

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.