LVW Advisors LLC Sells 905 Shares of Deere & Company (NYSE:DE)

LVW Advisors LLC trimmed its position in Deere & Company (NYSE:DE) by 23.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,969 shares of the industrial products company’s stock after selling 905 shares during the quarter. LVW Advisors LLC’s holdings in Deere & Company were worth $1,219,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DE. Sherbrooke Park Advisers LLC bought a new position in Deere & Company during the third quarter valued at $232,000. Ancora Advisors LLC grew its position in Deere & Company by 5.8% in the 3rd quarter. Ancora Advisors LLC now owns 925 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. Caxton Associates LP bought a new position in Deere & Company in the 3rd quarter valued at $222,000. Waverly Advisors LLC grew its position in Deere & Company by 14.9% in the 3rd quarter. Waverly Advisors LLC now owns 2,424 shares of the industrial products company’s stock valued at $915,000 after acquiring an additional 315 shares during the last quarter. Finally, Logan Capital Management Inc. grew its position in Deere & Company by 2.6% in the 3rd quarter. Logan Capital Management Inc. now owns 21,543 shares of the industrial products company’s stock valued at $8,130,000 after acquiring an additional 556 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Deere & Company Stock Performance

Shares of DE stock opened at $373.63 on Monday. The business has a 50-day simple moving average of $385.32 and a 200-day simple moving average of $387.29. The stock has a market cap of $102.96 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93. Deere & Company has a 52-week low of $353.15 and a 52-week high of $450.00. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.

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

Deere & Company Announces Dividend

The business 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. The ex-dividend date is Friday, June 28th. This represents a $5.88 annualized dividend and a yield of 1.57%. Deere & Company’s dividend payout ratio is currently 17.70%.

Analysts Set New Price Targets

Several equities analysts have commented on DE shares. Daiwa Capital Markets upped their price objective on Deere & Company from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Raymond James assumed coverage on Deere & Company in a research report on Friday. They set an “outperform” rating and a $420.00 target price on the stock. DA Davidson dropped their target price on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Morgan Stanley raised their target price on shares of Deere & Company from $430.00 to $450.00 in a research note on Wednesday, May 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $456.00 target price on shares of Deere & Company in a research note on Thursday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deere & Company has an average rating of “Hold” and a consensus target price of $430.55.

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.