Private Advisor Group LLC Has $23.99 Million Stock Holdings in Deere & Company $DE

Private Advisor Group LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 8.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 52,458 shares of the industrial products company’s stock after buying an additional 4,092 shares during the period. Private Advisor Group LLC’s holdings in Deere & Company were worth $23,987,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Deere & Company by 11.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,366 shares of the industrial products company’s stock valued at $694,000 after purchasing an additional 136 shares during the period. AE Wealth Management LLC raised its stake in shares of Deere & Company by 3.6% in the 2nd quarter. AE Wealth Management LLC now owns 7,842 shares of the industrial products company’s stock valued at $3,989,000 after purchasing an additional 269 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Deere & Company by 691.4% in the second quarter. Los Angeles Capital Management LLC now owns 9,924 shares of the industrial products company’s stock valued at $5,046,000 after purchasing an additional 8,670 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DE. Raymond James Financial reaffirmed an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Sanford C. Bernstein lifted their target price on Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Monday, December 29th. Daiwa Securities Group reduced their price target on Deere & Company from $530.00 to $520.00 and set an “outperform” rating for the company in a research report on Tuesday, December 2nd. Finally, Morgan Stanley raised their price target on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $644.70.

Deere & Company Price Performance

Shares of NYSE DE opened at $600.49 on Tuesday. The stock has a market capitalization of $162.20 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.07 and a beta of 0.96. The business has a 50-day moving average of $554.55 and a 200-day moving average of $500.43. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the previous year, the business earned $3.19 earnings per share. Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s payout ratio is 36.53%.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

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.