Moss Adams Wealth Advisors LLC Makes New $234,000 Investment in Deere & Company (NYSE:DE)

Moss Adams Wealth Advisors LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 497 shares of the industrial products company's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Banque Pictet & Cie SA lifted its position in shares of Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock valued at $33,165,000 after buying an additional 1,500 shares in the last quarter. Spectrum Financial Alliance Ltd LLC raised its stake in Deere & Company by 2.9% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after acquiring an additional 1,407 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Deere & Company in the fourth quarter worth approximately $847,000. BankPlus Trust Department purchased a new stake in shares of Deere & Company in the fourth quarter worth $1,127,000. Finally, Stenger Family Office LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $3,144,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DE shares. DA Davidson reiterated a "buy" rating and issued a $542.00 price target on shares of Deere & Company in a research note on Friday, May 16th. Robert W. Baird boosted their price target on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Argus set a $510.00 price target on Deere & Company in a research note on Friday, March 7th. Wall Street Zen cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Finally, Barclays boosted their price target on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Trading Down 1.2%

DE stock traded down $6.27 during midday trading on Tuesday, reaching $515.42. 1,294,039 shares of the company traded hands, compared to its average volume of 1,396,379. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. 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 of $480.22 and a 200-day moving average of $467.10. The firm has a market capitalization of $139.59 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.14 and a beta of 1.09.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $8.53 EPS. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed 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. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 31.35%.

About Deere & Company

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.