Atria Wealth Solutions Inc. Has $2.62 Million Stock Position in Deere & Company $DE

Atria Wealth Solutions Inc. lowered its holdings in shares of Deere & Company (NYSE:DE) by 53.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,119 shares of the industrial products company’s stock after selling 5,956 shares during the period. Atria Wealth Solutions Inc.’s holdings in Deere & Company were worth $2,619,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management raised its holdings in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Deere & Company during the 1st quarter worth $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company during the 2nd quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Deere & Company during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DE shares. Oppenheimer reduced their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Evercore ISI set a $491.00 price objective on Deere & Company in a research report on Tuesday, August 19th. Robert W. Baird reduced their price objective on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research report on Monday. Jefferies Financial Group reduced their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.76.

Deere & Company Trading Up 2.1%

NYSE DE opened at $448.12 on Wednesday. The business’s 50-day moving average price is $476.51 and its two-hundred day moving average price is $487.98. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a market capitalization of $121.14 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.82 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the company posted $6.29 EPS. The business’s revenue was down 9.0% on a year-over-year basis. On average, analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.