Good Steward Wealth Advisors LLC Acquires New Position in Deere & Company $DE

Good Steward Wealth Advisors LLC acquired a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,060 shares of the industrial products company’s stock, valued at approximately $672,000. Deere & Company accounts for 0.4% of Good Steward Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position.

A number of other large investors have also recently bought and sold shares of the business. Everett Harris & Co. CA acquired a new position in Deere & Company in the second quarter valued at approximately $1,385,000. Summit Global Investments bought a new position in shares of Deere & Company during the second quarter valued at approximately $458,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $4,234,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $575,000. Finally, Cornerstone Capital Inc. bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $318,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DE shares. Citigroup boosted their price objective on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Oppenheimer reiterated an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Truist Financial upped their price target on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $641.98.

Deere & Company Stock Performance

Shares of NYSE DE opened at $608.73 on Friday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The company has a market cap of $164.32 billion, a PE ratio of 34.49, a P/E/G ratio of 2.59 and a beta of 0.90. The stock has a 50 day simple moving average of $603.23 and a 200-day simple moving average of $587.77. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same period last year, the firm earned $6.64 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 18.26 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 36.71%.

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.