2,158 Shares in Deere & Company $DE Acquired by Bluedoor Private Wealth LLC

Bluedoor Private Wealth LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,158 shares of the industrial products company’s stock, valued at approximately $1,005,000.

A number of other institutional investors also recently made changes to their positions in DE. 71 West Capital Partners acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $553,000. Silvant Capital Management LLC raised its position in shares of Deere & Company by 0.6% during the 4th quarter. Silvant Capital Management LLC now owns 5,055 shares of the industrial products company’s stock valued at $2,353,000 after acquiring an additional 30 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Deere & Company by 4.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 38,291 shares of the industrial products company’s stock valued at $17,827,000 after acquiring an additional 1,540 shares in the last quarter. Venture Visionary Partners LLC raised its position in shares of Deere & Company by 30.3% during the 4th quarter. Venture Visionary Partners LLC now owns 4,978 shares of the industrial products company’s stock valued at $2,318,000 after acquiring an additional 1,157 shares in the last quarter. Finally, Perryman Financial Advisory Inc. AD acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $7,790,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the subject of a number of recent research reports. Argus upped their price objective on Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Raymond James Financial lowered their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Robert W. Baird lowered their price objective on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. DA Davidson lowered their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Citigroup lowered their price objective on Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $639.58.

Deere & Company Trading Down 0.3%

NYSE:DE opened at $575.87 on Tuesday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The stock has a market cap of $155.45 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.14 and a beta of 0.92. The business has a fifty day moving average of $573.28 and a 200-day moving average of $549.86. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the prior year, the business posted $6.64 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

Deere & Company 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.