Atria Wealth Solutions Inc. lessened its stake in shares of Deere & Company (NYSE:DE - Free Report) by 21.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,075 shares of the industrial products company's stock after selling 3,067 shares during the period. Atria Wealth Solutions Inc.'s holdings in Deere & Company were worth $5,205,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DE. Hughes Financial Services LLC bought a new position in Deere & Company in the first quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its stake in Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares in the last quarter. Orion Capital Management LLC bought a new position in Deere & Company in the fourth quarter worth approximately $34,000. Mascagni Wealth Management Inc. bought a new position in Deere & Company in the fourth quarter worth approximately $39,000. Finally, Dogwood Wealth Management LLC bought a new position in Deere & Company in the fourth quarter worth approximately $42,000. Institutional investors own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of DE opened at $509.86 on Thursday. The firm has a market capitalization of $138.09 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 3.22 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. Deere & Company has a 1-year low of $343.38 and a 1-year high of $533.78. The company's fifty day moving average price is $512.29 and its 200-day moving average price is $488.40.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company earned $8.53 earnings per share. The business's quarterly revenue was down 17.9% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio is presently 31.35%.
Analysts Set New Price Targets
A number of brokerages recently commented on DE. The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Raymond James Financial boosted their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays boosted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Evercore ISI lifted their price target on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $515.50.
View Our Latest Analysis on DE
Deere & Company Company Profile
(
Free Report)
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.
Further Reading
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