VisionPoint Advisory Group LLC Purchases 1,337 Shares of Deere & Company (NYSE:DE)

VisionPoint Advisory Group LLC lifted its stake in Deere & Company (NYSE:DE - Free Report) by 11.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,202 shares of the industrial products company's stock after purchasing an additional 1,337 shares during the period. Deere & Company comprises about 1.8% of VisionPoint Advisory Group LLC's holdings, making the stock its 8th largest holding. VisionPoint Advisory Group LLC's holdings in Deere & Company were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors also recently bought and sold shares of the business. TIAA Trust National Association lifted its holdings in shares of Deere & Company by 112.5% in the 2nd quarter. TIAA Trust National Association now owns 30,204 shares of the industrial products company's stock valued at $11,285,000 after purchasing an additional 15,988 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of Deere & Company by 78.7% in the 2nd quarter. Chilton Capital Management LLC now owns 570 shares of the industrial products company's stock valued at $213,000 after purchasing an additional 251 shares during the last quarter. Willis Johnson & Associates Inc. lifted its holdings in shares of Deere & Company by 8.9% in the 2nd quarter. Willis Johnson & Associates Inc. now owns 536 shares of the industrial products company's stock valued at $200,000 after purchasing an additional 44 shares during the last quarter. Carret Asset Management LLC lifted its holdings in shares of Deere & Company by 1.0% in the 2nd quarter. Carret Asset Management LLC now owns 8,123 shares of the industrial products company's stock valued at $3,035,000 after purchasing an additional 80 shares during the last quarter. Finally, Verus Capital Partners LLC lifted its holdings in shares of Deere & Company by 2.8% in the 2nd quarter. Verus Capital Partners LLC now owns 2,238 shares of the industrial products company's stock valued at $836,000 after purchasing an additional 62 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 41,642 shares of the company's stock, valued at $15,725,268.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. Citigroup reduced their target price on Deere & Company from $395.00 to $370.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. TD Cowen boosted their price target on Deere & Company from $383.00 to $390.00 and gave the company a "hold" rating in a research report on Friday, May 17th. Evercore ISI boosted their price target on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Finally, Raymond James started coverage on Deere & Company in a research report on Friday, June 28th. They issued an "outperform" rating and a $420.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $414.11.

Check Out Our Latest Analysis on DE

Deere & Company Stock Down 0.0 %

Shares of DE stock traded down $0.11 during trading hours on Tuesday, hitting $385.63. 1,929,673 shares of the company were exchanged, compared to its average volume of 1,531,080. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. Deere & Company has a one year low of $340.20 and a one year high of $423.35. The business's 50-day simple moving average is $368.09 and its two-hundred day simple moving average is $379.92. The stock has a market capitalization of $106.27 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.28 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same quarter last year, the company posted $10.20 earnings per share. The company's quarterly revenue was down 20.3% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 25.09 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & Company Company Profile

(Free Report)

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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