SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires New Stake in Deere & Company $DE

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 500 shares of the industrial products company’s stock, valued at approximately $256,000.

Several other institutional investors also recently bought and sold shares of DE. OLD National Bancorp IN increased its stake in Deere & Company by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after buying an additional 610 shares during the period. Providence Capital Advisors LLC boosted its position in Deere & Company by 2.1% in the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock valued at $6,871,000 after buying an additional 303 shares during the period. Bragg Financial Advisors Inc grew its stake in shares of Deere & Company by 12.7% in the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after acquiring an additional 813 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in shares of Deere & Company during the first quarter worth $13,588,000. Finally, United Asset Strategies Inc. acquired a new stake in shares of Deere & Company in the first quarter valued at $2,496,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $474.97 on Thursday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 52 week low of $400.64 and a 52 week high of $533.78. The firm’s 50 day moving average is $465.98 and its two-hundred day moving average is $490.88. The firm has a market capitalization of $128.40 billion, a P/E ratio of 24.83, a P/E/G ratio of 3.05 and a beta of 1.04.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Wall Street Analyst Weigh In

Several research firms recently commented on DE. Daiwa Capital Markets lowered their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Wolfe Research decreased their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Jefferies Financial Group cut their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of Deere & Company in a report on Thursday, November 13th. They issued an “overweight” rating and a $543.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Deere & Company in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $519.85.

Deere & 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.