Deere & Company (NYSE:DE) Shares Purchased by StrongBox Wealth LLC

StrongBox Wealth LLC increased its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 24.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,177 shares of the industrial products company’s stock after acquiring an additional 1,204 shares during the quarter. StrongBox Wealth LLC’s holdings in Deere & Company were worth $1,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in shares of Deere & Company during the second quarter valued at approximately $27,000. Worth Asset Management LLC acquired a new position in Deere & Company in the 1st quarter worth approximately $28,000. Nauset Wealth Management. LLC acquired a new position in Deere & Company in the 1st quarter worth approximately $29,000. Bank of New Hampshire acquired a new position in Deere & Company in the 1st quarter worth approximately $30,000. Finally, Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Deere & Company by 614.3% during the 1st quarter. Mine & Arao Wealth Creation & Management LLC. now owns 100 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

Deere & Company Stock Down 3.3 %

NYSE:DE traded down $11.49 during trading hours on Friday, hitting $334.64. 30,249 shares of the company traded hands, compared to its average volume of 1,218,466. 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 firm’s 50-day simple moving average is $351.72 and its 200-day simple moving average is $362.79. Deere & Company has a one year low of $283.81 and a one year high of $446.76. The company has a market cap of $101.00 billion, a PE ratio of 17.30, a PEG ratio of 1.21 and a beta of 1.06.

Deere & Company (NYSE:DEGet Rating) last released its earnings results on Friday, August 19th. The industrial products company reported $6.16 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.45). The business had revenue of $13 billion for the quarter, compared to the consensus estimate of $12.84 billion. Deere & Company had a return on equity of 33.26% and a net margin of 12.75%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.32 earnings per share. Equities analysts predict that Deere & Company will post 22.94 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 8th. Investors of record on Friday, September 30th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $4.52 dividend on an annualized basis and a yield of 1.35%. Deere & Company’s payout ratio is 22.59%.

Insider Buying and Selling

In related news, CAO Marc A. Howze sold 4,019 shares of the business’s 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 in the company, valued at approximately $6,464,543.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DE. Credit Suisse Group raised their price objective on Deere & Company from $393.00 to $447.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Morgan Stanley raised their price objective on shares of Deere & Company from $416.00 to $424.00 and gave the stock an “overweight” rating in a report on Sunday, August 21st. Argus lifted their price target on shares of Deere & Company from $390.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Wells Fargo & Company raised their price objective on shares of Deere & Company from $410.00 to $423.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Finally, Citigroup raised their price objective on shares of Deere & Company from $340.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $407.68.

Deere & Company Company Profile

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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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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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