Deere & Company (NYSE:DE) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 38.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,431 shares of the industrial products company's stock after purchasing an additional 670 shares during the period. Accurate Wealth Management LLC's holdings in Deere & Company were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Brighton Jones LLC grew its stake in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Vest Financial LLC increased its holdings in Deere & Company by 8.9% during the 4th quarter. Vest Financial LLC now owns 2,211 shares of the industrial products company's stock worth $937,000 after purchasing an additional 181 shares during the period. Kingsview Wealth Management LLC raised its position in Deere & Company by 32.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,507 shares of the industrial products company's stock valued at $2,333,000 after purchasing an additional 1,343 shares in the last quarter. Empowered Funds LLC grew its position in shares of Deere & Company by 20.8% during the fourth quarter. Empowered Funds LLC now owns 16,935 shares of the industrial products company's stock worth $7,175,000 after buying an additional 2,915 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its position in shares of Deere & Company by 31.3% during the fourth quarter. Quotient Wealth Partners LLC now owns 1,171 shares of the industrial products company's stock worth $496,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Trading Down 1.2%

Shares of NYSE DE traded down $6.27 during midday trading on Tuesday, reaching $515.42. 1,294,039 shares of the stock were exchanged, compared to its average volume of 1,396,379. The stock has a 50 day moving average price of $480.22 and a 200-day moving average price of $467.10. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $139.59 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.14 and a beta of 1.09. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78.

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 for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Deere & Company's revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $8.53 earnings per share. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.26%. Deere & Company's dividend payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Wall Street Zen lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. UBS Group reduced their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. DA Davidson reissued a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. Finally, Citigroup reduced their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $515.19.

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.