Atlas Capital Advisors LLC Purchases 5,648 Shares of Deere & Company (NYSE:DE)

Atlas Capital Advisors LLC raised its position in shares of Deere & Company (NYSE:DE - Free Report) by 400.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,057 shares of the industrial products company's stock after acquiring an additional 5,648 shares during the period. Atlas Capital Advisors LLC's holdings in Deere & Company were worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Vanguard Group Inc. increased its position in Deere & Company by 1.2% during the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company's stock worth $9,031,500,000 after acquiring an additional 263,709 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Deere & Company by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company's stock worth $1,585,028,000 after purchasing an additional 19,200 shares during the period. Parnassus Investments LLC raised its position in shares of Deere & Company by 22.4% during the fourth quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company's stock valued at $1,541,967,000 after buying an additional 705,771 shares during the last quarter. Norges Bank bought a new stake in shares of Deere & Company in the fourth quarter valued at about $1,248,036,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Deere & Company by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company's stock valued at $638,167,000 after buying an additional 160,369 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE:DE traded up $3.90 during trading on Friday, reaching $385.72. The stock had a trading volume of 1,413,084 shares, compared to its average volume of 1,528,736. The business's 50-day moving average price is $367.73 and its 200 day moving average price is $379.83. Deere & Company has a 52 week low of $340.20 and a 52 week high of $423.35. The stock has a market capitalization of $106.29 billion, a PE ratio of 11.61, a P/E/G ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating analysts' consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the company posted $10.20 earnings per share. The firm's quarterly revenue was down 20.3% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 25.41 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, September 30th. Deere & Company's dividend payout ratio is presently 17.70%.

Wall Street Analyst Weigh In

Several research firms have commented on DE. Oppenheimer cut their price target on Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. TD Cowen upped their target price on Deere & Company from $383.00 to $390.00 and gave the company a "hold" rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research report on Thursday, August 8th. BMO Capital Markets assumed coverage on shares of Deere & Company in a report on Friday, August 9th. They issued a "market perform" rating and a $400.00 price target on the stock. Finally, HSBC downgraded shares of Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $414.11.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the business's stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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