Weitzel Financial Services Inc. Purchases 103 Shares of Deere & Company $DE

Weitzel Financial Services Inc. lifted its position in Deere & Company (NYSE:DE) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,289 shares of the industrial products company’s stock after acquiring an additional 103 shares during the period. Deere & Company accounts for about 2.0% of Weitzel Financial Services Inc.’s investment portfolio, making the stock its 13th largest holding. Weitzel Financial Services Inc.’s holdings in Deere & Company were worth $4,702,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. HB Wealth Management LLC increased its stake in shares of Deere & Company by 67.9% in the 1st quarter. HB Wealth Management LLC now owns 10,968 shares of the industrial products company’s stock worth $5,148,000 after acquiring an additional 4,435 shares in the last quarter. TD Asset Management Inc lifted its position in Deere & Company by 199.3% during the 1st quarter. TD Asset Management Inc now owns 311,002 shares of the industrial products company’s stock valued at $145,969,000 after acquiring an additional 207,103 shares during the period. Cornerstone Advisory LLC boosted its stake in Deere & Company by 9.2% during the first quarter. Cornerstone Advisory LLC now owns 783 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 66 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Deere & Company by 47.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 156,173 shares of the industrial products company’s stock worth $73,300,000 after purchasing an additional 50,006 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DE shares. DA Davidson decreased their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Robert W. Baird lowered their price objective on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Sanford C. Bernstein increased their target price on Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $519.85.

Deere & Company Stock Performance

DE stock opened at $487.03 on Monday. The stock has a market capitalization of $131.66 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. Deere & Company has a 12-month low of $403.01 and a 12-month high of $533.78. 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 stock’s 50 day simple moving average is $466.30 and its 200 day simple moving average is $491.06.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s dividend 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.