180 Wealth Advisors LLC reduced its position in shares of Deere & Company (NYSE:DE – Get Rating) by 18.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 912 shares of the industrial products company’s stock after selling 208 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Deere & Company were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Windward Capital Management Co. CA increased its stake in shares of Deere & Company by 0.6% in the 2nd quarter. Windward Capital Management Co. CA now owns 16,528 shares of the industrial products company’s stock valued at $4,950,000 after acquiring an additional 101 shares during the last quarter. Platte River Wealth Advisors LLC increased its stake in shares of Deere & Company by 25.4% in the 2nd quarter. Platte River Wealth Advisors LLC now owns 1,405 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 285 shares during the last quarter. My Personal CFO LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $5,828,000. Wealth Alliance Advisory Group LLC increased its stake in shares of Deere & Company by 12.5% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 1,435 shares of the industrial products company’s stock valued at $430,000 after acquiring an additional 159 shares during the last quarter. Finally, Taylor & Morgan Wealth Management LLC increased its stake in shares of Deere & Company by 2.9% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 2,549 shares of the industrial products company’s stock valued at $763,000 after acquiring an additional 71 shares during the last quarter. 75.34% of the stock is owned by institutional investors.
Insider Activity
In other news, CAO Marc A. Howze sold 4,019 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $373.22, for a total value of $1,499,971.18. Following the completion of the sale, the chief accounting officer now owns 17,321 shares of the company’s stock, valued at approximately $6,464,543.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.
Deere & Company Trading Down 1.2 %
NYSE:DE opened at $354.50 on Monday. Deere & Company has a twelve month low of $283.81 and a twelve month high of $446.76. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 1.69. The business has a 50 day moving average price of $347.14 and a two-hundred day moving average price of $363.42. The company has a market cap of $107.00 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.
Deere & Company (NYSE:DE – Get Rating) last released its quarterly earnings data on Friday, August 19th. The industrial products company reported $6.16 EPS for the quarter, missing the consensus estimate of $6.61 by ($0.45). The company had revenue of $13 billion during the quarter, compared to analyst estimates of $12.84 billion. Deere & Company had a net margin of 12.75% and a return on equity of 33.26%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.32 EPS. As a group, analysts expect that Deere & Company will post 22.94 EPS for the current fiscal year.
Deere & Company Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Friday, September 30th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 29th. Deere & Company’s payout ratio is presently 22.59%.
Wall Street Analysts Forecast Growth
DE has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Deere & Company from $480.00 to $420.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Credit Suisse Group upped their price target on Deere & Company from $393.00 to $447.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Cowen lowered their target price on Deere & Company from $396.00 to $342.00 in a research note on Thursday, July 7th. Cowen lowered their target price on Deere & Company from $396.00 to $342.00 in a research note on Thursday, July 7th. Finally, Morgan Stanley increased their target price on Deere & Company from $416.00 to $424.00 and gave the stock an “overweight” rating in a research note on Sunday, August 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $407.68.
About Deere & Company
Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.
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