Deere & Company (NYSE:DE) Shares Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC boosted its holdings in Deere & Company (NYSE:DEGet Rating) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 765 shares of the industrial products company’s stock after acquiring an additional 38 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Deere & Company were worth $318,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its stake in Deere & Company by 120.0% in the 4th quarter. Bell Investment Advisors Inc now owns 88 shares of the industrial products company’s stock worth $30,000 after buying an additional 48 shares during the last quarter. First National Bank of South Miami bought a new stake in shares of Deere & Company in the 4th quarter valued at approximately $34,000. Amplius Wealth Advisors LLC acquired a new position in Deere & Company during the 4th quarter valued at approximately $34,000. Crewe Advisors LLC boosted its position in Deere & Company by 3,233.3% during the 4th quarter. Crewe Advisors LLC now owns 100 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, Sierra Capital LLC boosted its position in Deere & Company by 183.3% during the 4th quarter. Sierra Capital LLC now owns 102 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 67.35% of the company’s stock.

Shares of NYSE DE traded down $14.05 during midday trading on Thursday, hitting $303.88. The stock had a trading volume of 52,032 shares, compared to its average volume of 1,447,370. The company has a quick ratio of 1.76, a current ratio of 2.07 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $367.22 and its 200-day moving average is $375.24. Deere & Company has a 52 week low of $307.64 and a 52 week high of $446.76. The company has a market cap of $92.88 billion, a P/E ratio of 16.58, a PEG ratio of 1.08 and a beta of 1.02.

Deere & Company (NYSE:DEGet Rating) last posted its quarterly earnings results on Friday, May 20th. The industrial products company reported $6.81 earnings per share for the quarter, topping analysts’ consensus estimates of $6.71 by $0.10. Deere & Company had a net margin of 12.99% and a return on equity of 33.58%. The business had revenue of $12.03 billion during the quarter, compared to analyst estimates of $13.16 billion. During the same period in the prior year, the business posted $5.68 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 23.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Thursday, June 30th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $4.52 annualized dividend and a dividend yield of 1.49%. This is an increase from Deere & Company’s previous quarterly dividend of $1.05. Deere & Company’s dividend payout ratio is currently 21.91%.

In other Deere & Company news, insider John H. Stone sold 17,145 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $4,321.07, for a total transaction of $74,084,745.15. Following the transaction, the insider now owns 21,087 shares of the company’s stock, valued at approximately $91,118,403.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

DE has been the topic of a number of recent analyst reports. Oppenheimer cut their target price on Deere & Company from $446.00 to $419.00 and set an “outperform” rating on the stock in a research report on Monday, May 23rd. Cowen initiated coverage on Deere & Company in a research note on Thursday, June 9th. They set a “market perform” rating and a $396.00 price target for the company. StockNews.com began coverage on Deere & Company in a report on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group dropped their target price on Deere & Company from $480.00 to $420.00 and set a “buy” rating for the company in a report on Monday, May 23rd. Finally, Credit Suisse Group dropped their price target on Deere & Company from $477.00 to $472.00 and set an “outperform” rating for the company in a report on Monday, May 23rd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $429.06.

About Deere & Company (Get Rating)

Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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