Deere & Company (NYSE:DE) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC trimmed its position in shares of Deere & Company (NYSE:DE) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,561 shares of the industrial products company’s stock after selling 222 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Deere & Company were worth $3,199,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Pineridge Advisors LLC raised its holdings in Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Private Wealth Management Group LLC bought a new position in Deere & Company during the 4th quarter valued at $29,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 4th quarter worth $30,000. Finally, Spartan Planning & Wealth Management bought a new stake in shares of Deere & Company in the 4th quarter worth about $33,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Deere & Company Stock Up 1.5 %

DE stock opened at $387.23 on Tuesday. The firm’s 50-day moving average is $369.56 and its two-hundred day moving average is $380.89. The company has a market capitalization of $105.95 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. Deere & Company has a 52 week low of $340.20 and a 52 week high of $417.46. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.20 earnings per share. On average, analysts forecast that Deere & Company will post 25.07 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.52%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Daiwa Capital Markets increased their price target on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. BMO Capital Markets began coverage on Deere & Company in a report on Friday, August 9th. They set a “market perform” rating and a $400.00 target price on the stock. Evercore ISI boosted their price target on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Truist Financial reissued a “buy” rating and set a $443.00 price target (up from $439.00) on shares of Deere & Company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $414.11.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.