Deere & Company (NYSE:DE) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its position in shares of Deere & Company (NYSE:DE - Free Report) by 34.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363 shares of the industrial products company's stock after selling 712 shares during the period. TD Private Client Wealth LLC's holdings in Deere & Company were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position in Deere & Company by 2.4% in the 1st quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock valued at $434,000 after purchasing an additional 22 shares during the last quarter. First Bancorp Inc ME increased its position in Deere & Company by 4.7% in the 1st quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company's stock valued at $239,000 after acquiring an additional 23 shares during the period. World Equity Group Inc. raised its stake in Deere & Company by 4.5% during the 1st quarter. World Equity Group Inc. now owns 552 shares of the industrial products company's stock valued at $244,000 after acquiring an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Deere & Company by 2.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after acquiring an additional 25 shares during the period. Finally, Glen Eagle Advisors LLC grew its stake in shares of Deere & Company by 0.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock valued at $1,244,000 after purchasing an additional 25 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DE. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. DA Davidson reiterated a "buy" rating and set a $542.00 target price on shares of Deere & Company in a research report on Friday, May 16th. Morgan Stanley increased their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Raymond James Financial upped their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Robert W. Baird raised their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $515.19.

Deere & Company Trading Up 1.9%

Shares of Deere & Company stock traded up $9.82 during trading hours on Thursday, reaching $519.15. The stock had a trading volume of 1,268,760 shares, compared to its average volume of 1,349,711. The firm has a market capitalization of $140.60 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 3.23 and a beta of 1.08. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78. 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 firm has a 50 day simple moving average of $509.35 and a two-hundred day simple moving average of $476.92.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping 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 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 firm posted $8.53 EPS. The firm's quarterly revenue was down 17.9% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio is currently 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.