Deere & Company (NYSE:DE) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 141.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,909 shares of the industrial products company's stock after purchasing an additional 5,225 shares during the period. Kingswood Wealth Advisors LLC's holdings in Deere & Company were worth $4,248,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $34,000. Mascagni Wealth Management Inc. acquired a new stake in Deere & Company during the 4th quarter valued at approximately $39,000. Dogwood Wealth Management LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $42,000. Wood Tarver Financial Group LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $43,000. Finally, Sierra Ocean LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $44,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.3%

Shares of NYSE DE opened at $523.08 on Wednesday. The company has a market cap of $141.67 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 3.33 and a beta of 1.09. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The stock's 50 day simple moving average is $490.87 and its 200 day simple moving average is $469.33.

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

Deere & Company Announces Dividend

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. This represents a $6.48 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DE. Barclays raised their price objective on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Oppenheimer raised their price objective on Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Citigroup lowered their price objective on Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Robert W. Baird raised their price objective on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Deere & Company presently has an average rating of "Hold" and an average target price of $515.19.

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.

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