Vivid Wealth Management LLC Sells 1,453 Shares of Deere & Company $DE

Vivid Wealth Management LLC cut its stake in shares of Deere & Company (NYSE:DE) by 20.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,573 shares of the industrial products company’s stock after selling 1,453 shares during the quarter. Deere & Company makes up 1.3% of Vivid Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Vivid Wealth Management LLC’s holdings in Deere & Company were worth $3,139,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC bought a new position in Deere & Company during the 3rd quarter valued at about $25,000. Key Capital Management INC bought a new stake in Deere & Company during the fourth quarter worth about $27,000. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth approximately $30,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of Deere & Company in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DE. Citigroup reduced their target price on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wolfe Research raised their price target on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. DA Davidson cut their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Oppenheimer reissued an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.23.

Deere & Company Trading Down 0.0%

Shares of NYSE DE opened at $621.09 on Friday. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a 50-day moving average of $578.41 and a two-hundred day moving average of $562.69. The company has a market cap of $167.66 billion, a PE ratio of 35.19, a P/E/G ratio of 2.30 and a beta of 0.89. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.64 earnings per share. As a group, equities analysts expect that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.