Pure Financial Advisors LLC Purchases Shares of 1,146 Deere & Company $DE

Pure Financial Advisors LLC acquired a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,146 shares of the industrial products company’s stock, valued at approximately $727,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. BlackRock Inc. purchased a new stake in Deere & Company during the second quarter valued at $11,763,504,000. State Street Corp lifted its holdings in shares of Deere & Company by 0.9% in the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock valued at $4,898,717,000 after acquiring an additional 97,049 shares during the last quarter. Capital World Investors raised its position in Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after purchasing an additional 3,358,264 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Deere & Company by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock valued at $3,581,574,000 after purchasing an additional 158,584 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Deere & Company by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock valued at $2,609,149,000 after purchasing an additional 17,269 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 0.4%

Shares of NYSE:DE opened at $633.36 on Thursday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The firm has a market capitalization of $170.97 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.60 and a beta of 0.90. The business’s 50-day moving average is $610.13 and its 200 day moving average is $592.80.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the company earned $4.75 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 18.09 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Analyst Ratings Changes

DE has been the topic of several analyst reports. Barclays boosted their target price on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday. Citigroup upped their price target on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Robert W. Baird boosted their target price on Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Bank of America cut their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $653.48.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.