Virtu Financial LLC Sells 4,857 Shares of Deere & Company $DE

Virtu Financial LLC decreased its position in shares of Deere & Company (NYSE:DE) by 32.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,319 shares of the industrial products company’s stock after selling 4,857 shares during the period. Virtu Financial LLC’s holdings in Deere & Company were worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $243,000. Catalyst Investment Management LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $455,000. Cambient Family Office LLC acquired a new stake in Deere & Company during the 4th quarter valued at $7,427,000. White Knight Strategic Wealth Advisors LLC bought a new position in Deere & Company in the 4th quarter valued at $356,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Deere & Company in the 4th quarter valued at $52,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.3%

NYSE:DE opened at $590.37 on Friday. The stock’s fifty day moving average price is $574.09 and its two-hundred day moving average price is $552.39. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The company has a market cap of $159.36 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $6.64 EPS. On average, analysts anticipate that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.

Analyst Ratings Changes

DE has been the topic of several research analyst reports. BMO Capital Markets increased their target price on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Morgan Stanley lifted their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company upped their price target on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Wolfe Research increased their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Sanford C. Bernstein increased their price objective on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $639.58.

Deere & 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.