Integrated Wealth Concepts LLC Boosts Holdings in Deere & Company $DE

Key Points

• Integrated Wealth Concepts LLC increased its holdings in Deere & Company by 8.2%, acquiring an additional 721 shares, bringing their total ownership to 9,553 shares valued at $4.48 million.
• Deere & Company reported $4.75 earnings per share for the last quarter, exceeding analysts' expectations of $4.62, though revenue decreased by 9.0% year over year.
• The company announced a quarterly dividend of $1.62 per share, with a dividend yield of 1.4%, to be paid on November 10th to stockholders of record as of September 30th.

Integrated Wealth Concepts LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,553 shares of the industrial products company's stock after buying an additional 721 shares during the period. Integrated Wealth Concepts LLC's holdings in Deere & Company were worth $4,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its stake in Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock valued at $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its holdings in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 36 shares during the period. Orion Capital Management LLC bought a new stake in Deere & Company in the 4th quarter valued at about $34,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Deere & Company in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Down 1.2%

Shares of Deere & Company stock traded down $5.84 during trading hours on Friday, reaching $470.62. The company's stock had a trading volume of 596,471 shares, compared to its average volume of 1,354,291. Deere & Company has a one year low of $386.42 and a one year high of $533.78. The company has a market capitalization of $127.22 billion, a P/E ratio of 24.59, a P/E/G ratio of 3.03 and a beta of 1.00. The stock's fifty day simple moving average is $498.30 and its two-hundred day simple moving average is $490.35. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm earned $6.29 earnings per share. The firm's revenue was down 9.0% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 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 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is 33.87%.

Wall Street Analyst Weigh In

DE has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Robert W. Baird dropped their price objective on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. DA Davidson decreased their price target on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Wall Street Zen cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $520.87.

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.