Secured Retirement Advisors LLC Sells 70 Shares of Deere & Company $DE

Secured Retirement Advisors LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,405 shares of the industrial products company’s stock after selling 70 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Deere & Company were worth $1,223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DE. Activest Wealth Management grew its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Deere & Company in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company in the second quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the second quarter valued at approximately $39,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DE shares. DA Davidson reduced their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Daiwa Capital Markets reduced their price target on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. Truist Financial reduced their price target on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Robert W. Baird reduced their target price on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.18.

Deere & Company Stock Up 0.8%

Shares of NYSE DE opened at $461.08 on Wednesday. The business has a 50-day simple moving average of $482.54 and a two-hundred day simple moving average of $488.94. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The company has a market cap of $124.64 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.94 and a beta of 1.02.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the business posted $6.29 earnings per share. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

Deere & 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.