Deere & Company (NYSE:DE) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in Deere & Company (NYSE:DE - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,729 shares of the industrial products company's stock after selling 1,828 shares during the period. Kintegral Advisory LLC's holdings in Deere & Company were worth $1,756,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Deere & Company during the fourth quarter worth about $34,000. Mascagni Wealth Management Inc. purchased a new position in shares of Deere & Company in the 4th quarter worth approximately $39,000. Dogwood Wealth Management LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $42,000. Wood Tarver Financial Group LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $43,000. Finally, Citizens National Bank Trust Department purchased a new stake in shares of Deere & Company during the first quarter valued at approximately $45,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Trading Down 0.5%

Deere & Company stock traded down $2.82 during trading on Friday, hitting $517.50. The company had a trading volume of 470,313 shares, compared to its average volume of 1,356,450. 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 has a market cap of $140.15 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.31 and a beta of 1.08. The company's 50 day simple moving average is $505.29 and its 200-day simple moving average is $474.73. 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 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. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the business posted $8.53 EPS. The company's revenue for the quarter was down 17.9% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Citigroup reduced their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Argus set a $510.00 price objective on Deere & Company in a research note on Friday, March 7th. Finally, Barclays boosted their target price on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.