Deere & Company (NYSE:DE) Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its holdings in Deere & Company (NYSE:DE - Free Report) by 181.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,770 shares of the industrial products company's stock after buying an additional 4,365 shares during the period. Confluence Wealth Services Inc.'s holdings in Deere & Company were worth $3,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Deere & Company in the 4th quarter valued at approximately $34,000. Mascagni Wealth Management Inc. purchased a new position in Deere & Company in the 4th quarter valued at approximately $39,000. Dogwood Wealth Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth $42,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth $43,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

NYSE DE traded up $4.93 during trading on Friday, reaching $513.46. The company's stock had a trading volume of 1,835,337 shares, compared to its average volume of 1,358,147. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11. The firm has a market cap of $139.06 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.26 and a beta of 1.09. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The business's fifty day moving average price is $500.54 and its 200-day moving average price is $472.91.

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

Deere & Company Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.26%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Bank of America lifted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Raymond James Financial lifted their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.