1,263 Shares in Deere & Company (NYSE:DE) Purchased by Aspen Wealth Strategies LLC

Aspen Wealth Strategies LLC acquired a new stake in Deere & Company (NYSE:DE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,263 shares of the industrial products company’s stock, valued at approximately $521,000.

A number of other hedge funds have also added to or reduced their stakes in DE. RB Capital Management LLC grew its stake in Deere & Company by 5.2% in the 1st quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 81 shares in the last quarter. Bornite Capital Management LP bought a new position in Deere & Company in the 1st quarter worth about $14,541,000. Retirement Income Solutions Inc bought a new position in Deere & Company in the 1st quarter worth about $229,000. Sequoia Financial Advisors LLC lifted its position in shares of Deere & Company by 27.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 521 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Deere & Company by 32.4% in the 1st quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock worth $47,496,000 after purchasing an additional 27,985 shares during the period. 66.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Sanford C. Bernstein lowered their price target on shares of Deere & Company from $398.00 to $367.00 in a research report on Monday, May 15th. Robert W. Baird lowered their price target on shares of Deere & Company from $512.00 to $445.00 in a research report on Monday, May 22nd. Citigroup upped their price target on shares of Deere & Company from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Evercore ISI lowered their price target on shares of Deere & Company from $455.00 to $418.00 in a research report on Tuesday, May 9th. Finally, Credit Suisse Group decreased their target price on shares of Deere & Company from $560.00 to $551.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $458.53.

Deere & Company Stock Performance

Shares of NYSE DE traded up $9.41 during midday trading on Wednesday, reaching $413.51. The company had a trading volume of 877,839 shares, compared to its average volume of 1,614,067. The business’s 50-day simple moving average is $417.04 and its 200 day simple moving average is $399.78. The stock has a market cap of $121.24 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.90 and a beta of 1.06. Deere & Company has a 1 year low of $328.62 and a 1 year high of $450.00. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 1.65.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, August 18th. The industrial products company reported $10.20 earnings per share for the quarter, topping analysts’ consensus estimates of $8.22 by $1.98. The firm had revenue of $14.28 billion for the quarter, compared to analyst estimates of $14.14 billion. Deere & Company had a net margin of 16.36% and a return on equity of 46.15%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.16 earnings per share. On average, analysts forecast that Deere & Company will post 33.59 earnings per share for the current fiscal year.

Insider Transactions at Deere & Company

In other news, CEO John C. May II sold 52,967 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $416.02, for a total value of $22,035,331.34. Following the sale, the chief executive officer now owns 109,126 shares in the company, valued at $45,398,598.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John C. May II sold 52,967 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the sale, the chief executive officer now owns 109,126 shares in the company, valued at $45,398,598.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Pentz Markwart Von sold 27,933 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $381.59, for a total transaction of $10,658,953.47. Following the sale, the insider now owns 57,115 shares in the company, valued at approximately $21,794,512.85. The disclosure for this sale can be found here. Insiders have sold 85,580 shares of company stock worth $34,799,115 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Deere & Company Profile

Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.