Diversify Advisory Services LLC Sells 1,353 Shares of Deere & Company (NYSE:DE)

Diversify Advisory Services LLC lowered its stake in Deere & Company (NYSE:DE - Free Report) by 37.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,265 shares of the industrial products company's stock after selling 1,353 shares during the quarter. Diversify Advisory Services LLC's holdings in Deere & Company were worth $1,043,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hughes Financial Services LLC purchased a new position in shares of Deere & Company during the 1st quarter worth $29,000. Cornerstone Planning Group LLC raised its position in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares during the period. Orion Capital Management LLC purchased a new position in shares of Deere & Company in the 4th quarter worth $34,000. Mascagni Wealth Management Inc. purchased a new position in shares of Deere & Company in the 4th quarter worth $39,000. Finally, Citizens National Bank Trust Department purchased a new position in shares of Deere & Company in the 1st quarter worth $45,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 0.2%

Shares of DE traded up $0.81 during trading hours on Friday, reaching $499.95. 1,064,545 shares of the stock traded hands, compared to its average volume of 1,343,379. 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 fifty day simple moving average of $512.85 and a 200 day simple moving average of $481.04. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a market cap of $135.40 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.17 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last issued 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 12.40% and a return on equity of 24.39%. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the company earned $8.53 earnings per share. Deere & Company's revenue for the quarter was down 17.9% on a year-over-year basis. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.30%. Deere & Company's payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson reissued a "buy" rating and issued a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. BMO Capital Markets reissued a "market perform" rating and issued a $460.00 price objective (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays raised their price objective on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Melius Research raised Deere & Company from a "hold" rating to a "strong-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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $515.50.

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.