Transform Wealth LLC Has $443,000 Stake in Deere & Company (NYSE:DE)

Transform Wealth LLC decreased its position in Deere & Company (NYSE:DE) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 941 shares of the industrial products company’s stock after selling 251 shares during the quarter. Transform Wealth LLC’s holdings in Deere & Company were worth $443,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Banque Pictet & Cie SA boosted its position in Deere & Company by 2.0% during the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company’s stock worth $33,165,000 after purchasing an additional 1,500 shares during the period. Spectrum Financial Alliance Ltd LLC lifted its stake in shares of Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company’s stock worth $21,021,000 after buying an additional 1,407 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Deere & Company during the 4th quarter worth $847,000. BankPlus Trust Department acquired a new position in Deere & Company in the 4th quarter valued at $1,127,000. Finally, Stenger Family Office LLC bought a new position in Deere & Company in the 4th quarter worth $3,144,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DE. Raymond James raised their price target on Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Barclays raised their target price on Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a report on Friday, May 16th. UBS Group cut their price target on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Citigroup reduced their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average price target of $515.19.

Deere & Company Trading Up 1.0%

Shares of DE opened at $520.72 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a market cap of $141.03 billion, a PE ratio of 23.08, a PEG ratio of 2.14 and a beta of 1.09. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78. The stock has a 50 day simple moving average of $483.40 and a 200-day simple moving average of $467.81.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company posted $8.53 earnings per share. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio is currently 31.35%.

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.