Corient Private Wealth LLC Has $211.25 Million Holdings in Deere & Company $DE

Corient Private Wealth LLC raised its stake in shares of Deere & Company (NYSE:DE) by 19.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 415,436 shares of the industrial products company’s stock after purchasing an additional 67,911 shares during the period. Corient Private Wealth LLC’s holdings in Deere & Company were worth $211,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DE. Southland Equity Partners LLC boosted its position in shares of Deere & Company by 3.9% during the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares during the last quarter. Vivid Wealth Management LLC lifted its stake in Deere & Company by 1.9% during the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in Deere & Company by 3.0% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. grew its stake in shares of Deere & Company by 2.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 20 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its holdings in shares of Deere & Company by 1.7% in the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 21 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Deere & Company news, CEO John C. May II sold 11,106 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the transaction, the chief executive officer owned 112,453 shares in the company, valued at $56,235,496.24. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Deere & Company Price Performance

Deere & Company stock opened at $485.35 on Monday. The business’s 50 day simple moving average is $469.02 and its 200 day simple moving average is $487.41. Deere & Company has a 12 month low of $403.01 and a 12 month high of $533.78. The company has a market cap of $131.20 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.83 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The firm had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the business earned $4.55 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s payout ratio is currently 35.01%.

Analyst Ratings Changes

DE has been the topic of several analyst reports. Wells Fargo & Company assumed coverage on shares of Deere & Company in a report on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target on the stock. BMO Capital Markets restated a “market perform” rating and issued a $460.00 target price on shares of Deere & Company in a research note on Tuesday, December 9th. Jefferies Financial Group increased their price target on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Deere & Company in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.70.

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.