Sagespring Wealth Partners LLC Has $2.63 Million Stock Position in Deere & Company $DE

Sagespring Wealth Partners LLC lifted its holdings in shares of Deere & Company (NYSE:DEFree Report) by 9.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,173 shares of the industrial products company’s stock after acquiring an additional 458 shares during the period. Sagespring Wealth Partners LLC’s holdings in Deere & Company were worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. TD Asset Management Inc raised its holdings in shares of Deere & Company by 132.0% during the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after buying an additional 410,636 shares in the last quarter. IFC Advisors LLC raised its holdings in shares of Deere & Company by 1.3% during the 2nd quarter. IFC Advisors LLC now owns 3,200 shares of the industrial products company’s stock worth $1,627,000 after buying an additional 40 shares in the last quarter. Harbour Trust & Investment Management Co raised its holdings in shares of Deere & Company by 2.3% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 29,085 shares of the industrial products company’s stock worth $14,789,000 after buying an additional 656 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Deere & Company by 7.8% during the 2nd quarter. Axxcess Wealth Management LLC now owns 7,065 shares of the industrial products company’s stock worth $3,592,000 after buying an additional 512 shares in the last quarter. Finally, Elefante Mark B bought a new stake in Deere & Company during the 2nd quarter worth $203,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

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:DEGet Free Report) 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 firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent research reports. Evercore ISI set a $491.00 target price on Deere & Company in a report on Tuesday, August 19th. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup lowered their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Truist Financial upped their target price on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $511.76.

View Our Latest Stock Report on DE

About Deere & Company

(Free Report)

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.

See Also

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

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