TD Private Client Wealth LLC Sells 712 Shares of Deere & Company (NYSE:DE)

TD Private Client Wealth LLC decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,363 shares of the industrial products company's stock after selling 712 shares during the quarter. TD Private Client Wealth LLC's holdings in Deere & Company were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DE. Brighton Jones LLC lifted its holdings in Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after buying an additional 1,278 shares during the period. Proficio Capital Partners LLC lifted its holdings in Deere & Company by 23.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,253 shares of the industrial products company's stock valued at $531,000 after buying an additional 238 shares during the period. Independent Advisor Alliance lifted its holdings in Deere & Company by 18.5% in the fourth quarter. Independent Advisor Alliance now owns 10,129 shares of the industrial products company's stock valued at $4,292,000 after buying an additional 1,582 shares during the period. Sage Mountain Advisors LLC lifted its holdings in Deere & Company by 12.3% in the fourth quarter. Sage Mountain Advisors LLC now owns 1,775 shares of the industrial products company's stock valued at $752,000 after buying an additional 195 shares during the period. Finally, Founders Financial Alliance LLC lifted its holdings in Deere & Company by 41.2% in the fourth quarter. Founders Financial Alliance LLC now owns 716 shares of the industrial products company's stock valued at $303,000 after buying an additional 209 shares during the period. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 1.3%

DE stock traded down $6.80 during trading on Friday, reaching $512.41. The stock had a trading volume of 476,098 shares, compared to its average volume of 1,345,769. Deere & Company has a one year low of $340.20 and a one year high of $533.78. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The company's 50 day moving average is $510.12 and its two-hundred day moving average is $477.52. The company has a market capitalization of $138.77 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 3.23 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the firm posted $8.53 EPS. The firm's quarterly revenue was down 17.9% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current 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 $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is 31.35%.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. Raymond James Financial boosted their target price on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Friday, May 30th. UBS Group dropped their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. DA Davidson reiterated a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. Finally, Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $515.19.

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.