Deere & Company $DE Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,014 shares of the industrial products company’s stock after purchasing an additional 1,365 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Deere & Company were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC boosted its position in Deere & Company by 0.6% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 19 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Deere & Company by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 773 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 20 shares in the last quarter. Family Legacy Inc. boosted its position in Deere & Company by 0.3% during the fourth quarter. Family Legacy Inc. now owns 7,894 shares of the industrial products company’s stock worth $3,675,000 after purchasing an additional 20 shares in the last quarter. Evoke Wealth LLC boosted its position in Deere & Company by 2.5% during the fourth quarter. Evoke Wealth LLC now owns 830 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 20 shares in the last quarter. Finally, Eukles Asset Management boosted its position in Deere & Company by 0.7% during the fourth quarter. Eukles Asset Management now owns 2,837 shares of the industrial products company’s stock worth $1,321,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DE. Royal Bank Of Canada increased their price target on Deere & Company from $736.00 to $752.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company raised their target price on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. BMO Capital Markets raised their target price on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Finally, Citigroup decreased their target price on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $638.08.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $542.34 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a market cap of $146.49 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.01 and a beta of 0.96. 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 business’s 50 day moving average price is $572.29 and its 200 day moving average price is $542.07.

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, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter last year, the business posted $6.64 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

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.