Kiley Juergens Wealth Management LLC Buys Shares of 2,423 Deere & Company $DE

Kiley Juergens Wealth Management LLC purchased a new position in Deere & Company (NYSE:DE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,423 shares of the industrial products company’s stock, valued at approximately $1,365,000.

Other large investors also recently modified their holdings of the company. Kathmere Capital Management LLC raised its stake in shares of Deere & Company by 51.6% during the first quarter. Kathmere Capital Management LLC now owns 1,854 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 631 shares in the last quarter. FLP Wealth Management LLC acquired a new position in Deere & Company during the 1st quarter valued at about $203,000. Abel Hall LLC raised its position in shares of Deere & Company by 9.1% during the 1st quarter. Abel Hall LLC now owns 553 shares of the industrial products company’s stock worth $312,000 after buying an additional 46 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Deere & Company by 2.5% during the 1st quarter. Bogart Wealth LLC now owns 973 shares of the industrial products company’s stock worth $548,000 after buying an additional 24 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new stake in shares of Deere & Company in the 1st quarter worth approximately $232,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Raymond James Financial lowered their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Bank of America dropped their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Finally, Oppenheimer restated an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $642.23.

Deere & Company Price Performance

Shares of DE traded down $32.60 during trading hours on Tuesday, hitting $602.64. 234,602 shares of the company were exchanged, compared to its average volume of 1,441,510. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company has a market capitalization of $162.67 billion, a PE ratio of 34.11, a PEG ratio of 2.30 and a beta of 0.89. The firm has a fifty day simple moving average of $578.41 and a 200-day simple moving average of $563.22. Deere & Company has a one year low of $433.00 and a one year high of $674.19.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the firm earned $6.64 earnings per share. Deere & Company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.