Wealthfront Advisers LLC Buys 3,482 Shares of Deere & Company $DE

Wealthfront Advisers LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 11.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 34,085 shares of the industrial products company’s stock after acquiring an additional 3,482 shares during the period. Wealthfront Advisers LLC’s holdings in Deere & Company were worth $17,332,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Southland Equity Partners LLC lifted its holdings in shares of Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 20 shares during the last quarter. Vivid Wealth Management LLC lifted its holdings in shares of Deere & Company by 1.9% during the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 20 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in shares of Deere & Company by 3.0% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 20 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 21 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its holdings in shares of Deere & Company by 1.7% during the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 21 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. Royal Bank Of Canada started coverage on shares of Deere & Company in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price target for the company. Robert W. Baird lowered their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Zacks Research downgraded shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Finally, UBS Group set a $535.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Price Performance

DE stock opened at $473.01 on Monday. The firm’s 50-day moving average price is $469.88 and its two-hundred day moving average price is $489.27. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The stock has a market capitalization of $127.87 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.04 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the company earned $6.29 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

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.