Ignite Planners LLC Sells 102 Shares of Deere & Company (NYSE:DE)

Ignite Planners LLC lowered its holdings in Deere & Company (NYSE:DE) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,603 shares of the industrial products company’s stock after selling 102 shares during the period. Ignite Planners LLC’s holdings in Deere & Company were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ETF Managers Group LLC raised its position in shares of Deere & Company by 1.5% in the 1st quarter. ETF Managers Group LLC now owns 1,746 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 26 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in Deere & Company by 1.0% during the fourth quarter. St. Johns Investment Management Company LLC now owns 2,655 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 27 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock valued at $2,579,000 after buying an additional 27 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Deere & Company by 5.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 537 shares of the industrial products company’s stock worth $222,000 after buying an additional 27 shares during the period. Finally, All Season Financial Advisors Inc. increased its stake in shares of Deere & Company by 3.4% in the 1st quarter. All Season Financial Advisors Inc. now owns 860 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 28 shares in the last quarter. 66.27% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of NYSE DE traded down $1.09 during midday trading on Monday, hitting $411.02. 394,365 shares of the stock traded hands, compared to its average volume of 1,597,195. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.74 and a current ratio of 1.98. Deere & Company has a one year low of $328.62 and a one year high of $450.00. The firm has a market capitalization of $118.37 billion, a P/E ratio of 12.21, a PEG ratio of 0.93 and a beta of 1.07. The firm has a 50-day moving average of $417.81 and a two-hundred day moving average of $398.87.

Deere & Company (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $10.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.22 by $1.98. The company had revenue of $14.28 billion for the quarter, compared to the consensus estimate of $14.14 billion. Deere & Company had a return on equity of 46.15% and a net margin of 16.36%. Deere & Company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.16 earnings per share. On average, equities analysts forecast that Deere & Company will post 33.9 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Friday, September 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.31%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.25. The ex-dividend date is Thursday, September 28th. Deere & Company’s payout ratio is 14.78%.

Insider Activity at Deere & Company

In other news, CEO John C. May II sold 52,967 shares of Deere & Company 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 transaction, the chief executive officer now owns 109,126 shares in the company, valued at approximately $45,398,598.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Cory J. Reed sold 4,680 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $449.75, for a total transaction of $2,104,830.00. Following the completion of the transaction, the insider now directly owns 36,563 shares in the company, valued at approximately $16,444,209.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John C. May II sold 52,967 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the completion of the transaction, the chief executive officer now owns 109,126 shares of the company’s stock, valued at $45,398,598.52. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on DE. Stifel Nicolaus dropped their price objective on shares of Deere & Company from $493.00 to $460.00 and set a “buy” rating on the stock in a research note on Monday, August 21st. Citigroup boosted their price target on Deere & Company from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Morgan Stanley reduced their price objective on Deere & Company from $537.00 to $517.00 in a research report on Monday, May 22nd. HSBC began coverage on Deere & Company in a report on Friday. They issued a “buy” rating and a $486.00 target price on the stock. Finally, UBS Group raised their price target on Deere & Company from $383.00 to $408.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $459.90.

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.