Aurora Private Wealth Inc. Takes $44.08 Million Position in Deere & Company (NYSE:DE)

Aurora Private Wealth Inc. bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 93,920 shares of the industrial products company's stock, valued at approximately $44,081,000. Deere & Company accounts for about 1.2% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 14th largest position.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $34,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Deere & Company during the 4th quarter valued at $39,000. Dogwood Wealth Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth $42,000. Wood Tarver Financial Group LLC purchased a new position in Deere & Company during the 4th quarter worth $43,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Deere & Company during the 4th quarter worth $48,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

DE stock traded down $7.23 during trading on Wednesday, hitting $506.87. 1,189,203 shares of the company traded hands, compared to its average volume of 1,384,996. 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 $340.20 and a 1 year high of $533.78. The stock's 50-day simple moving average is $497.10 and its 200 day simple moving average is $471.61. The company has a market cap of $137.27 billion, a PE ratio of 24.52, a P/E/G ratio of 3.26 and a beta of 1.09.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business's revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.53 EPS. On average, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is currently 31.35%.

Analysts Set New Price Targets

DE has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Oppenheimer raised their price target on shares of Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Melius Research raised shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.