Venturi Wealth Management LLC Has $692,000 Stake in Deere & Company (NYSE:DE)

Venturi Wealth Management LLC boosted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 101.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,475 shares of the industrial products company's stock after acquiring an additional 743 shares during the quarter. Venturi Wealth Management LLC's holdings in Deere & Company were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in shares of Deere & Company by 35.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 4,235 shares of the industrial products company's stock worth $1,795,000 after buying an additional 1,115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Deere & Company by 9.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 409,105 shares of the industrial products company's stock valued at $172,732,000 after purchasing an additional 35,074 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Deere & Company by 1.4% during the 4th quarter. UniSuper Management Pty Ltd now owns 108,790 shares of the industrial products company's stock worth $46,094,000 after purchasing an additional 1,513 shares during the period. Finally, NEOS Investment Management LLC boosted its position in shares of Deere & Company by 32.9% during the fourth quarter. NEOS Investment Management LLC now owns 16,495 shares of the industrial products company's stock worth $6,989,000 after buying an additional 4,081 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Up 0.6%

NYSE DE traded up $2.92 during trading on Friday, reaching $517.58. The company's stock had a trading volume of 858,413 shares, compared to its average volume of 1,107,224. 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 stock has a market capitalization of $140.18 billion, a PE ratio of 25.04, a PEG ratio of 3.26 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 business has a 50-day moving average price of $513.03 and a 200-day moving average price of $483.78.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. Deere & Company's quarterly revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.53 EPS. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

Several brokerages recently commented on DE. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Oppenheimer set a $560.00 price objective on Deere & Company and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wall Street Zen cut Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Bank of America boosted their price target on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report 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 report 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $515.50.

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.