Simplicity Wealth LLC Raises Position in Deere & Company (NYSE:DE)

Simplicity Wealth LLC increased its holdings in Deere & Company (NYSE:DE - Free Report) by 91.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,061 shares of the industrial products company's stock after purchasing an additional 507 shares during the quarter. Simplicity Wealth LLC's holdings in Deere & Company were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Deere & Company by 30.6% in the 1st quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company's stock worth $1,753,000 after acquiring an additional 876 shares in the last quarter. Octavia Wealth Advisors LLC bought a new position in Deere & Company in the first quarter worth $219,000. Northstar Advisory Group LLC bought a new position in Deere & Company in the first quarter worth $1,174,000. Farther Finance Advisors LLC boosted its stake in Deere & Company by 27.4% during the first quarter. Farther Finance Advisors LLC now owns 3,220 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 692 shares in the last quarter. Finally, City Holding Co. grew its holdings in Deere & Company by 0.5% in the first quarter. City Holding Co. now owns 19,515 shares of the industrial products company's stock worth $9,159,000 after purchasing an additional 90 shares during the period. Institutional investors own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

DE has been the topic of several recent research reports. Melius Research upgraded Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays lifted their target price on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Morgan Stanley boosted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $515.19.

Deere & Company Price Performance

Shares of Deere & Company stock traded down $3.83 during trading hours on Thursday, hitting $517.01. The company's stock had a trading volume of 796,949 shares, compared to its average volume of 1,397,151. The company has a market cap of $140.02 billion, a PE ratio of 22.92, a PEG ratio of 2.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The business has a 50 day moving average price of $483.40 and a two-hundred day moving average price of $467.81. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $8.53 EPS. The business's revenue was down 17.9% on a year-over-year basis. 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. Investors of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

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.