Clearview Wealth Advisors LLC Sells 25 Shares of Deere & Company (NYSE:DE)

Clearview Wealth Advisors LLC cut its holdings in Deere & Company (NYSE:DE) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 731 shares of the industrial products company’s stock after selling 25 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Deere & Company were worth $343,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FORM Wealth Advisors LLC acquired a new position in shares of Deere & Company in the first quarter valued at approximately $219,000. Legacy Advisors LLC lifted its position in Deere & Company by 4.7% in the 1st quarter. Legacy Advisors LLC now owns 2,495 shares of the industrial products company’s stock valued at $1,171,000 after acquiring an additional 112 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its stake in Deere & Company by 23.8% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 1,691 shares of the industrial products company’s stock worth $794,000 after purchasing an additional 325 shares during the period. Asset Management One Co. Ltd. boosted its stake in Deere & Company by 6.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 106,993 shares of the industrial products company’s stock worth $50,217,000 after purchasing an additional 6,100 shares during the period. Finally, Narwhal Capital Management increased its holdings in Deere & Company by 171.8% during the 1st quarter. Narwhal Capital Management now owns 2,691 shares of the industrial products company’s stock worth $1,263,000 after purchasing an additional 1,701 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DE. UBS Group reduced their price objective on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Raymond James Financial raised their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Finally, Melius Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $515.19.

Deere & Company Price Performance

Shares of NYSE DE opened at $513.86 on Tuesday. The business’s 50 day moving average price is $496.05 and its two-hundred day moving average price is $471.31. The company has a market cap of $139.17 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.31 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.53 EPS. On average, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. Deere & Company’s dividend payout ratio is currently 31.35%.

Deere & Company 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.