Precision Wealth Strategies LLC Invests $1.96 Million in Deere & Company $DE

Precision Wealth Strategies LLC purchased a new stake in Deere & Company (NYSE:DE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,852 shares of the industrial products company’s stock, valued at approximately $1,959,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Southland Equity Partners LLC boosted its stake in shares of Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Deere & Company by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 21 shares in the last quarter. Tyler Stone Wealth Management boosted its position in Deere & Company by 1.7% during the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 21 shares in the last quarter. McLean Asset Management Corp raised its holdings in shares of Deere & Company by 4.0% in the second quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 21 shares during the last quarter. Finally, Trilogy Capital Inc. lifted its holdings in Deere & Company by 1.3% in the 2nd quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 1.3%

Shares of Deere & Company stock opened at $451.43 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The business’s 50 day simple moving average is $486.80 and its 200-day simple moving average is $489.36. The stock has a market capitalization of $122.04 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.94 and a beta of 1.03. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78.

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, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.29 EPS. Equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DE. Evercore ISI set a $491.00 price target on shares of Deere & Company in a report on Tuesday, August 19th. Daiwa Capital Markets dropped their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Oppenheimer decreased their target price on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. decreased their target price on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Finally, Melius raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.06.

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.