Deere & Company $DE Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC decreased its position in shares of Deere & Company (NYSE:DE) by 99.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 626 shares of the industrial products company’s stock after selling 270,522 shares during the period. Curated Wealth Partners LLC’s holdings in Deere & Company were worth $420,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Deere & Company in the second quarter valued at about $11,763,504,000. Wellington Management Group LLP increased its holdings in Deere & Company by 84.3% during the 2nd quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock worth $1,959,209,000 after purchasing an additional 1,412,694 shares during the last quarter. Bank of America Corp DE increased its holdings in Deere & Company by 0.3% during the 1st quarter. Bank of America Corp DE now owns 2,782,402 shares of the industrial products company’s stock worth $1,567,327,000 after purchasing an additional 7,918 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Deere & Company during the 2nd quarter worth approximately $1,259,279,000. Finally, Legal & General Group Plc acquired a new position in shares of Deere & Company in the 2nd quarter valued at approximately $957,456,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DE. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Nomura upgraded shares of Deere & Company to a “buy” rating in a research note on Monday, August 31st. Bank of America upped their price target on shares of Deere & Company from $667.00 to $715.00 in a report on Thursday, September 24th. Oppenheimer increased their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Stock Down 1.4%

NYSE:DE opened at $641.46 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average of $658.05 and a 200-day moving average of $611.83. The firm has a market capitalization of $172.95 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.38 and a beta of 0.86. Deere & Company has a 52 week low of $454.50 and a 52 week high of $721.22.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company earned $4.75 earnings per share. Analysts predict that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Deere & Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.