VestGen Advisors LLC Buys 3,132 Shares of Deere & Company $DE

VestGen Advisors LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 119.9% during the second quarter, Holdings Channel.com reports. The fund owned 5,745 shares of the industrial products company’s stock after acquiring an additional 3,132 shares during the period. VestGen Advisors LLC’s holdings in Deere & Company were worth $2,928,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Trustmark Bank Trust Department lifted its stake in Deere & Company by 69.5% during the second quarter. Trustmark Bank Trust Department now owns 7,437 shares of the industrial products company’s stock worth $3,782,000 after purchasing an additional 3,050 shares during the last quarter. Stablepoint Partners LLC lifted its stake in shares of Deere & Company by 1.3% in the 2nd quarter. Stablepoint Partners LLC now owns 5,567 shares of the industrial products company’s stock valued at $2,831,000 after acquiring an additional 70 shares during the last quarter. West Family Investments Inc. boosted its holdings in shares of Deere & Company by 53.1% during the 2nd quarter. West Family Investments Inc. now owns 1,142 shares of the industrial products company’s stock valued at $581,000 after acquiring an additional 396 shares in the last quarter. Wealthquest Corp bought a new stake in Deere & Company during the 2nd quarter worth $293,000. Finally, Schroder Investment Management Group increased its holdings in Deere & Company by 11.7% in the 2nd quarter. Schroder Investment Management Group now owns 509,771 shares of the industrial products company’s stock worth $259,213,000 after purchasing an additional 53,545 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the transaction, the chief executive officer owned 112,453 shares in the company, valued at $56,235,496.24. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by insiders.

Deere & Company Stock Down 0.8%

Shares of NYSE:DE opened at $465.95 on Monday. Deere & Company has a 1 year low of $403.01 and a 1 year high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The business’s 50-day moving average is $467.10 and its 200-day moving average is $490.48. The company has a market capitalization of $125.96 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). The business had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $4.55 earnings per share. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday. Wolfe Research decreased their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Evercore ISI reissued a “positive” rating on shares of Deere & Company in a research note on Friday. Finally, Wells Fargo & Company initiated coverage on Deere & Company in a research report on Thursday, November 13th. They set an “overweight” rating and a $543.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $519.45.

Deere & Company 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.