Deere & Company $DE Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC decreased its holdings in shares of Deere & Company (NYSE:DEFree Report) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,069 shares of the industrial products company’s stock after selling 1,806 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Deere & Company were worth $8,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Chip Partners LLC grew its holdings in Deere & Company by 1.4% in the second quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock valued at $801,000 after purchasing an additional 21 shares during the period. TRUE Private Wealth Advisors raised its stake in Deere & Company by 3.0% during the second quarter. TRUE Private Wealth Advisors now owns 744 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 22 shares during the period. Forefront Wealth Partners LLC boosted its holdings in shares of Deere & Company by 4.1% in the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 22 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of Deere & Company by 24.7% in the 3rd quarter. Highline Wealth Partners LLC now owns 116 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 23 shares during the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of Deere & Company by 17.7% during the 3rd quarter. REAP Financial Group LLC now owns 153 shares of the industrial products company’s stock valued at $70,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $589.22 on Friday. The business’s 50-day simple moving average is $551.94 and its 200 day simple moving average is $499.50. The company has a market cap of $159.15 billion, a P/E ratio of 33.21, a PEG ratio of 2.08 and a beta of 0.96. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. Deere & Company has a one year low of $404.42 and a one year high of $674.19.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s payout ratio is 36.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup increased their target price on Deere & Company from $515.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Daiwa Securities Group decreased their target price on Deere & Company from $530.00 to $520.00 and set an “outperform” rating for the company in a report on Tuesday, December 2nd. Jefferies Financial Group lowered shares of Deere & Company from a “hold” rating to an “underperform” rating and raised their price target for the company from $475.00 to $550.00 in a report on Monday, February 23rd. Finally, Robert W. Baird lifted their price target on shares of Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $647.20.

View Our Latest Stock Analysis on DE

Insider Transactions at Deere & Company

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the sale, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Key Stories Impacting Deere & Company

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About Deere & Company

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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