Good Steward Wealth Advisors LLC purchased a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,696 shares of the industrial products company's stock, valued at approximately $796,000.
Several other large investors have also recently made changes to their positions in DE. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after acquiring an additional 1,278 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Deere & Company by 16.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 783 shares of the industrial products company's stock valued at $332,000 after acquiring an additional 110 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Deere & Company by 16.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,142 shares of the industrial products company's stock worth $5,998,000 after purchasing an additional 1,979 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Deere & Company by 9.2% during the 4th quarter. Convergence Investment Partners LLC now owns 619 shares of the industrial products company's stock valued at $262,000 after buying an additional 52 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in Deere & Company in the 4th quarter worth $5,938,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on DE. DA Davidson reissued a "buy" rating and set a $542.00 target price on shares of Deere & Company in a research note on Friday, May 16th. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Oppenheimer raised their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Finally, Evercore ISI boosted their price target on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday, May 19th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $515.19.
View Our Latest Analysis on DE
Deere & Company Price Performance
Shares of DE stock opened at $525.02 on Friday. The firm has a market capitalization of $142.19 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.33 and a beta of 1.09. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. 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 stock's 50-day simple moving average is $493.91 and its 200-day simple moving average is $470.14.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during 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 company's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.53 earnings per share. As a group, equities analysts forecast that Deere & Company will post 19.32 earnings per share 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. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.23%. Deere & Company's payout ratio is 31.35%.
Deere & Company Company Profile
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Free Report)
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.
Further Reading
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