Firethorn Wealth Partners LLC Purchases 162 Shares of Deere & Company $DE

Firethorn Wealth Partners LLC raised its position in Deere & Company (NYSE:DE) by 32.8% in the 2nd quarter, Holdings Channel reports. The firm owned 656 shares of the industrial products company’s stock after buying an additional 162 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Deere & Company were worth $334,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Activest Wealth Management raised its position in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Deere & Company during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC raised its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Deere & Company during the 2nd quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 2nd quarter valued at $39,000. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

DE has been the topic of several research reports. Truist Financial lowered their price objective on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. JPMorgan Chase & Co. lowered their price objective on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore ISI set a $491.00 price objective on shares of Deere & Company in a research report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $518.18.

Deere & Company Price Performance

DE stock opened at $462.59 on Friday. The firm’s 50-day moving average price is $484.64 and its two-hundred day moving average price is $489.15. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The stock has a market capitalization of $125.05 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.98 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the company earned $6.29 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

Deere & Company 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.