Integral Investment Advisors Inc. Sells 274 Shares of Deere & Company (NYSE:DE)

Integral Investment Advisors Inc. reduced its stake in Deere & Company (NYSE:DE) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,039 shares of the industrial products company’s stock after selling 274 shares during the period. Integral Investment Advisors Inc.’s holdings in Deere & Company were worth $957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Moseley Investment Management Inc. bought a new stake in shares of Deere & Company during the first quarter valued at approximately $221,000. SG Americas Securities LLC raised its stake in shares of Deere & Company by 42.3% in the first quarter. SG Americas Securities LLC now owns 5,836 shares of the industrial products company’s stock worth $2,739,000 after purchasing an additional 1,735 shares during the last quarter. Accurate Wealth Management LLC raised its stake in shares of Deere & Company by 38.0% in the first quarter. Accurate Wealth Management LLC now owns 2,431 shares of the industrial products company’s stock worth $1,116,000 after purchasing an additional 670 shares during the last quarter. Ayrshire Capital Management LLC bought a new position in shares of Deere & Company during the first quarter valued at $469,000. Finally, Simplicity Wealth LLC boosted its position in shares of Deere & Company by 91.5% during the first quarter. Simplicity Wealth LLC now owns 1,061 shares of the industrial products company’s stock valued at $498,000 after buying an additional 507 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 0.3%

DE opened at $521.63 on Tuesday. The stock has a market cap of $141.27 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm’s fifty day moving average is $480.22 and its 200 day moving average is $467.10. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm earned $8.53 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

Several research firms recently commented on DE. Barclays lifted their price objective on Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $460.00 price target (up from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer raised their target price on shares of Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Finally, Citigroup decreased their target price on shares of Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average target price of $515.19.

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.