FSB Premier Wealth Management Inc. Has $3.68 Million Position in Deere & Company (NYSE:DE)

FSB Premier Wealth Management Inc. decreased its stake in Deere & Company (NYSE:DE) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,092 shares of the industrial products company’s stock after selling 959 shares during the period. Deere & Company accounts for about 2.0% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 12th biggest holding. FSB Premier Wealth Management Inc.’s holdings in Deere & Company were worth $3,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. raised its position in shares of Deere & Company by 1,475.0% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 63 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 59 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $27,000. Barrett & Company Inc. bought a new stake in shares of Deere & Company during the 1st quarter valued at about $31,000. Worth Asset Management LLC bought a new stake in Deere & Company in the first quarter worth approximately $28,000. Finally, 25 LLC bought a new stake in Deere & Company in the first quarter worth approximately $34,000. 66.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ryan D. Campbell sold 6,073 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $379.19, for a total value of $2,302,820.87. Following the transaction, the insider now owns 18,519 shares in the company, valued at $7,022,219.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Deere & Company Stock Up 0.4 %

DE stock traded up $1.64 during trading on Tuesday, reaching $381.97. The stock had a trading volume of 295,853 shares, compared to its average volume of 1,549,559. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $110.01 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.96 and a beta of 1.07. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The company’s 50 day moving average is $381.63 and its two-hundred day moving average is $394.36.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $10.20 EPS for the quarter, beating analysts’ consensus estimates of $8.22 by $1.98. The company had revenue of $14.28 billion during 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 period last year, the business posted $6.16 earnings per share. Equities research analysts forecast that Deere & Company will post 33.89 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, September 29th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, September 28th. This is an increase from Deere & Company’s previous quarterly dividend of $1.25. Deere & Company’s dividend payout ratio (DPR) is 15.96%.

Analyst Upgrades and Downgrades

DE has been the subject of several recent analyst reports. Canaccord Genuity Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $530.00 to $400.00 in a research report on Friday, September 22nd. Canaccord Genuity Group restated a “hold” rating and issued a $400.00 price target (down from $530.00) on shares of Deere & Company in a report on Friday, September 22nd. StockNews.com began coverage on shares of Deere & Company in a report on Thursday, October 5th. They set a “hold” rating on the stock. Credit Suisse Group reduced their target price on Deere & Company from $560.00 to $551.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Finally, DA Davidson upped their price target on Deere & Company from $492.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.93.

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.