Avantax Planning Partners Inc. Has $11.08 Million Stock Position in Deere & Company (NYSE:DE)

Avantax Planning Partners Inc. grew its position in shares of Deere & Company (NYSE:DE - Free Report) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,599 shares of the industrial products company's stock after buying an additional 3,456 shares during the quarter. Avantax Planning Partners Inc.'s holdings in Deere & Company were worth $11,076,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in Deere & Company during the fourth quarter worth about $34,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Deere & Company during the 4th quarter worth about $39,000. Citizens National Bank Trust Department acquired a new position in Deere & Company in the 1st quarter valued at $45,000. Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company during the 4th quarter valued at about $42,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Deere & Company during the first quarter worth approximately $47,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Melius Research raised Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Bank of America raised their price objective 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. Morgan Stanley upped their price target on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $515.19.

Deere & Company Price Performance

NYSE:DE traded down $10.98 during mid-day trading on Monday, reaching $509.99. 1,016,957 shares of the stock were exchanged, compared to its average volume of 1,355,424. The business has a fifty day moving average price of $506.47 and a 200 day moving average price of $475.92. The firm has a market capitalization of $138.12 billion, a PE ratio of 24.67, a PEG ratio of 3.31 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued 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. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the business posted $8.53 EPS. Deere & Company's revenue was down 17.9% on a year-over-year basis. Research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.27%. Deere & Company's dividend payout ratio is 31.35%.

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.