Deere & Company (NYSE:DE) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its position in Deere & Company (NYSE:DE) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,030 shares of the industrial products company’s stock after selling 292 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Deere & Company were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $28,000. Naples Money Management LLC purchased a new stake in Deere & Company during the 4th quarter worth approximately $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in Deere & Company during the 4th quarter worth approximately $29,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the completion of the sale, the insider now owns 41,642 shares in the company, valued at approximately $15,725,268.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DE shares. Stifel Nicolaus upped their target price on shares of Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. TD Cowen upped their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Morgan Stanley upped their target price on shares of Deere & Company from $430.00 to $450.00 in a research note on Wednesday, May 15th. Daiwa Capital Markets upped their target price on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, DA Davidson cut their target price on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $430.55.

Deere & Company Trading Down 0.4 %

NYSE DE opened at $373.63 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The firm’s fifty day moving average price is $385.32 and its 200 day moving average price is $387.02. The company has a market capitalization of $102.96 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. Deere & Company has a 12 month low of $353.15 and a 12 month high of $450.00.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. The firm had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the firm posted $9.65 EPS. On average, sell-side analysts expect that Deere & Company will post 25.61 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 28th. Deere & Company’s dividend payout ratio is currently 17.70%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.