Deere & Company $DE Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC raised its stake in shares of Deere & Company (NYSE:DE) by 14.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 683 shares of the industrial products company’s stock after buying an additional 85 shares during the period. Sax Wealth Advisors LLC’s holdings in Deere & Company were worth $348,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DE. Activest Wealth Management increased its stake in 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 during the period. Hughes Financial Services LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its stake in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Robert W. Baird decreased their target price on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Wolfe Research decreased their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Jefferies Financial Group decreased their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Price Performance

NYSE DE opened at $455.73 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $123.20 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.97 and a beta of 1.02. The company has a 50 day moving average price of $480.23 and a two-hundred day moving average price of $488.58. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results 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. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.29 earnings per share. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

About Deere & Company

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.