Executive Wealth Management LLC Buys 263 Shares of Deere & Company (NYSE:DE)

Executive Wealth Management LLC grew its stake in Deere & Company (NYSE:DE) by 78.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 597 shares of the industrial products company’s stock after purchasing an additional 263 shares during the period. Executive Wealth Management LLC’s holdings in Deere & Company were worth $99,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DE. JPMorgan Chase & Co. lifted its stake in shares of Deere & Company by 67.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,733,015 shares of the industrial products company’s stock valued at $596,683,000 after purchasing an additional 1,497,433 shares during the last quarter. FMR LLC lifted its stake in shares of Deere & Company by 13.6% during the 1st quarter. FMR LLC now owns 8,713,051 shares of the industrial products company’s stock worth $1,392,694,000 after acquiring an additional 1,043,039 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Deere & Company by 47.6% during the 1st quarter. Janus Henderson Group PLC now owns 2,749,227 shares of the industrial products company’s stock worth $439,432,000 after acquiring an additional 886,561 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Deere & Company by 16,471.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 296,289 shares of the industrial products company’s stock worth $29,629,000 after acquiring an additional 294,501 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Deere & Company by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,655,571 shares of the industrial products company’s stock worth $544,229,000 after acquiring an additional 244,266 shares during the last quarter. 67.85% of the stock is owned by institutional investors and hedge funds.

In other news, COO John C. May II sold 16,468 shares of Deere & Company stock in a transaction on Friday, June 21st. The stock was sold at an average price of $163.21, for a total value of $2,687,742.28. Following the transaction, the chief operating officer now directly owns 60,550 shares in the company, valued at approximately $9,882,365.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John C. May II sold 5,228 shares of Deere & Company stock in a transaction on Friday, July 26th. The shares were sold at an average price of $170.00, for a total value of $888,760.00. Following the completion of the transaction, the chief operating officer now owns 49,310 shares in the company, valued at $8,382,700. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.

DE has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on Deere & Company from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Stephens initiated coverage on Deere & Company in a research note on Wednesday. They set an “equal weight” rating and a $160.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $175.00 price target (down from $195.00) on shares of Deere & Company in a research note on Monday, May 27th. Vertical Research lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, Berenberg Bank initiated coverage on Deere & Company in a research note on Thursday, May 9th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $167.21.

DE traded down $0.03 during trading on Thursday, hitting $143.14. 71,831 shares of the stock were exchanged, compared to its average volume of 1,907,151. The stock has a 50 day moving average price of $162.18. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. Deere & Company has a 1 year low of $128.32 and a 1 year high of $171.22. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.66 and a current ratio of 1.94.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, May 17th. The industrial products company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.57 by ($0.05). Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. The firm had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $10.19 billion. During the same quarter in the previous year, the business earned $3.14 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 10.22 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Friday, June 28th were issued a $0.76 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.12%. Deere & Company’s dividend payout ratio is presently 32.37%.

Deere & Company Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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