Atomi Financial Group Inc. Purchases 229 Shares of Deere & Company (NYSE:DE)

Atomi Financial Group Inc. lifted its position in shares of Deere & Company (NYSE:DE) by 20.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,348 shares of the industrial products company’s stock after acquiring an additional 229 shares during the period. Atomi Financial Group Inc.’s holdings in Deere & Company were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DE. True Wealth Design LLC increased its position in shares of Deere & Company by 1,180.0% during the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Pineridge Advisors LLC grew its position in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Private Wealth Management Group LLC bought a new stake in Deere & Company in the 4th quarter worth approximately $29,000. Livelsberger Financial Advisory bought a new stake in Deere & Company in the 4th quarter worth approximately $30,000. Finally, Spartan Planning & Wealth Management bought a new stake in Deere & Company in the 4th quarter worth approximately $33,000. Institutional investors own 68.58% of the company’s stock.

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. DA Davidson cut their price objective on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $414.11.

Deere & Company Trading Down 1.9 %

NYSE:DE traded down $7.11 during mid-day trading on Tuesday, hitting $375.98. 1,106,985 shares of the stock traded hands, compared to its average volume of 1,534,807. The stock has a market capitalization of $103.61 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.59 and a beta of 0.93. Deere & Company has a 52 week low of $340.20 and a 52 week high of $423.35. The firm’s 50 day moving average is $367.96 and its two-hundred day moving average is $379.87. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The business had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.20 EPS. On average, equities research analysts predict that Deere & Company will post 25.41 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 28th were paid a $1.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.56%. Deere & Company’s dividend payout ratio is currently 17.70%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of 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 large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, 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.