Wealth Preservation Advisors LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,246 shares of the industrial products company's stock, valued at approximately $585,000.
Several other large investors have also recently added to or reduced their stakes in DE. GAMMA Investing LLC increased its position in Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after acquiring an additional 1,750,163 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Deere & Company in the 4th quarter valued at approximately $541,437,000. Nuveen LLC acquired a new stake in Deere & Company in the 1st quarter valued at approximately $571,073,000. Leigh Baldwin & CO. LLC bought a new position in Deere & Company during the 4th quarter valued at $255,686,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Deere & Company during the 4th quarter valued at $149,057,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DE has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a research note on Sunday. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Oppenheimer increased their price target on Deere & Company from $560.00 to $566.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Finally, Raymond James Financial increased their price target on Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and a consensus price target of $523.87.
View Our Latest Analysis on DE
Deere & Company Stock Performance
DE opened at $488.59 on Wednesday. The firm has a market cap of $132.32 billion, a PE ratio of 25.54, a P/E/G ratio of 3.13 and a beta of 1.06. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The business has a fifty day simple moving average of $507.17 and a 200-day simple moving average of $490.91. Deere & Company has a fifty-two week low of $374.46 and a fifty-two week high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company's revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company posted $6.29 EPS. As a group, equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.
About Deere & Company
(
Free Report)
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.
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