Accel Wealth Management Purchases 1,252 Shares of Deere & Company (NYSE:DE)

Accel Wealth Management lifted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 20.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,247 shares of the industrial products company's stock after buying an additional 1,252 shares during the period. Deere & Company comprises 1.2% of Accel Wealth Management's investment portfolio, making the stock its 18th biggest holding. Accel Wealth Management's holdings in Deere & Company were worth $3,401,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Robertson Stephens Wealth Management LLC grew its holdings in Deere & Company by 2.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after acquiring an additional 22 shares during the period. Quent Capital LLC lifted its stake in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after purchasing an additional 24 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after purchasing an additional 24 shares during the last quarter. Massachusetts Wealth Management grew its stake in shares of Deere & Company by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 5,127 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 25 shares during the period. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Deere & Company by 2.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after purchasing an additional 25 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DE. Evercore ISI increased their target price on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Robert W. Baird increased their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Oppenheimer lifted their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Bank of America increased their target price on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $515.19.

Deere & Company Price Performance

DE traded up $2.79 on Thursday, hitting $510.57. 1,125,908 shares of the stock were exchanged, compared to its average volume of 1,396,025. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The firm has a market capitalization of $138.58 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.14 and a beta of 1.08. The business has a 50-day moving average of $477.57 and a two-hundred day moving average of $464.39.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the business posted $8.53 EPS. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. Deere & Company's dividend payout ratio is currently 31.35%.

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.