Signature Wealth Management Partners LLC Sells 144 Shares of Deere & Company $DE

Signature Wealth Management Partners LLC cut its holdings in Deere & Company (NYSE:DE) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,479 shares of the industrial products company’s stock after selling 144 shares during the period. Deere & Company accounts for approximately 0.7% of Signature Wealth Management Partners LLC’s portfolio, making the stock its 26th biggest holding. Signature Wealth Management Partners LLC’s holdings in Deere & Company were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management increased its stake in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC bought a new position in shares of Deere & Company in the first quarter worth about $29,000. Cornerstone Planning Group LLC increased its stake in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company in the second quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the second quarter worth about $39,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 0.2%

NYSE DE opened at $462.59 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock’s 50 day moving average is $484.64 and its two-hundred day moving average is $489.09. The company has a market capitalization of $125.05 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.97 and a beta of 1.02. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $6.29 earnings per share. Equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio is presently 33.87%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Saturday, September 27th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $500.00 to $495.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. DA Davidson lowered their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Daiwa Capital Markets lowered their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.18.

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.