Deere & Company (NYSE:DE) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in shares of Deere & Company (NYSE:DE) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,824 shares of the industrial products company’s stock after purchasing an additional 3,508 shares during the quarter. Apollon Wealth Management LLC’s holdings in Deere & Company were worth $5,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Everhart Financial Group Inc. raised its position in Deere & Company by 29.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,042 shares of the industrial products company’s stock worth $393,000 after buying an additional 238 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Deere & Company by 64.2% in the third quarter. Lindbrook Capital LLC now owns 706 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 276 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Deere & Company by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,840 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 59 shares during the period. Brighton Jones LLC raised its stake in shares of Deere & Company by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 5,258 shares of the industrial products company’s stock valued at $1,984,000 after buying an additional 203 shares during the last quarter. Finally, Planning Center Inc. lifted its holdings in shares of Deere & Company by 4.3% in the 3rd quarter. Planning Center Inc. now owns 15,934 shares of the industrial products company’s stock valued at $6,013,000 after buying an additional 656 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE traded up $1.00 on Monday, reaching $401.96. 1,042,525 shares of the company’s stock were exchanged, compared to its average volume of 1,467,164. The stock has a market cap of $111.89 billion, a PE ratio of 11.71, a P/E/G ratio of 1.51 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The stock’s fifty day moving average price is $392.23 and its 200-day moving average price is $384.02.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the previous year, the firm posted $6.55 EPS. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DE shares. JPMorgan Chase & Co. lifted their price target on Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Citigroup cut their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Profile

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.