Global Retirement Partners LLC Invests $1.94 Million in Deere & Company $DE

Global Retirement Partners LLC acquired a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,807 shares of the industrial products company’s stock, valued at approximately $1,936,000.

A number of other hedge funds have also made changes to their positions in the stock. Southland Equity Partners LLC lifted its position in Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 20 shares during the period. Vivid Wealth Management LLC lifted its holdings in shares of Deere & Company by 1.9% in the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after buying an additional 20 shares during the period. Werba Rubin Papier Wealth Management lifted its holdings in shares of Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after buying an additional 20 shares during the period. Prairie Wealth Advisors Inc. boosted its stake in Deere & Company by 2.1% during the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $492,000 after buying an additional 20 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Deere & Company by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DE. DA Davidson cut their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Monday. Royal Bank Of Canada began coverage on shares of Deere & Company in a report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 target price for the company. Wolfe Research decreased their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, Wells Fargo & Company began coverage on Deere & Company in a research report on Thursday, November 13th. They set an “overweight” rating and a $543.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $519.85.

Deere & Company Stock Up 2.3%

Shares of NYSE:DE opened at $498.47 on Wednesday. The firm has a 50 day simple moving average of $467.28 and a 200 day simple moving average of $491.09. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The company has a market cap of $134.75 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). The firm had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

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.