Intrua Financial LLC Has $734,000 Stock Position in Deere & Company $DE

Intrua Financial LLC increased its holdings in Deere & Company (NYSE:DE) by 152.5% in the 2nd quarter, Holdings Channel reports. The fund owned 1,442 shares of the industrial products company’s stock after purchasing an additional 871 shares during the period. Intrua Financial LLC’s holdings in Deere & Company were worth $734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Deere & Company in the second quarter worth approximately $25,000. Activest Wealth Management grew its position in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company in the 2nd quarter valued at approximately $38,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 2nd quarter worth approximately $39,000. Finally, Center for Financial Planning Inc. lifted its position in Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.5%

NYSE:DE opened at $475.76 on Friday. The company’s 50 day moving average is $466.04 and its 200-day moving average is $490.68. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $390.00 and a 12 month high of $533.78. The firm has a market cap of $128.61 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04.

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

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were 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 was Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

Analyst Ratings Changes

Several equities analysts have recently commented on DE shares. Wells Fargo & Company started coverage on shares of Deere & Company in a report on Thursday. They set an “overweight” rating and a $543.00 price target on the stock. Sanford C. Bernstein upped their target price on Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a research report on Thursday. Wolfe Research cut their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. DA Davidson lowered their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Finally, Royal Bank Of Canada began coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $520.05.

About Deere & Company

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.