Stratos Wealth Partners LTD. Purchases 914 Shares of Deere & Company $DE

Stratos Wealth Partners LTD. raised its position in Deere & Company (NYSE:DE) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,163 shares of the industrial products company’s stock after purchasing an additional 914 shares during the period. Stratos Wealth Partners LTD.’s holdings in Deere & Company were worth $4,647,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Werba Rubin Papier Wealth Management raised its stake 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 buying an additional 20 shares during the period. Prairie Wealth Advisors Inc. raised its position in shares of Deere & Company by 2.1% during the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after purchasing an additional 20 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Deere & Company by 0.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,486 shares of the industrial products company’s stock valued at $1,264,000 after purchasing an additional 21 shares in the last quarter. Blue Chip Partners LLC grew its position in shares of Deere & Company by 1.4% in the 2nd 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. Finally, TRUE Private Wealth Advisors increased its stake in Deere & Company by 3.0% during the 2nd 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 in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

DE opened at $597.66 on Friday. The business’s 50-day simple moving average is $505.01 and its 200 day simple moving average is $486.80. Deere & Company has a 52-week low of $404.42 and a 52-week high of $626.25. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. The firm has a market capitalization of $162.01 billion, a PE ratio of 32.29, a PEG ratio of 2.44 and a beta of 1.02.

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

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s dividend payout ratio is 35.01%.

Insiders Place Their Bets

In related news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 64,578 shares of company stock valued at $32,471,682. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DE. Wolfe Research upped their price target on shares of Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Wells Fargo & Company began coverage on Deere & Company in a report on Thursday, November 13th. They issued an “overweight” rating and a $543.00 price target on the stock. Zacks Research raised Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada dropped their target price on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research report on Friday, November 28th. Finally, JPMorgan Chase & Co. cut their target price on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.20.

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.