Transform Wealth LLC Has $443,000 Stock Position in Deere & Company (NYSE:DE)

Transform Wealth LLC lessened its stake in Deere & Company (NYSE:DE) by 21.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 941 shares of the industrial products company’s stock after selling 251 shares during the quarter. Transform Wealth LLC’s holdings in Deere & Company were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC grew its stake in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 24 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock valued at $3,398,000 after purchasing an additional 24 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in Deere & Company by 2.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 25 shares during the last quarter. Glen Eagle Advisors LLC grew its position in Deere & Company by 0.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock worth $1,244,000 after purchasing an additional 25 shares in the last quarter. Finally, Marks Group Wealth Management Inc increased its stake in Deere & Company by 0.8% in the 4th quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company’s stock valued at $1,337,000 after buying an additional 26 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Up 1.0%

Shares of DE stock opened at $520.72 on Thursday. The stock has a market capitalization of $141.03 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.14 and a beta of 1.09. The company’s fifty day simple moving average is $483.40 and its two-hundred day simple moving average is $467.81. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.53 EPS. As a group, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s payout ratio is 31.35%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Citigroup cut their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $460.00 target price (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Bank of America boosted their price target on shares of Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Raymond James increased their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $515.19.

Deere & Company Profile

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.