Inspirion Wealth Advisors LLC Increases Shares of Deere & Company (NYSE:DE)

Financial Advisors


Inspiration Wealth Advisors LLC increased its stake in Deere & Co. (NYSE:DE – Get Rating) by 42.5% in the first quarter, according to the company’s latest filings with the Securities and Exchange Commission. . The company held 1,710 shares in the industrial products company after purchasing an additional 510 shares during the quarter. Inspirion Wealth Advisors LLC’s Deere & Company holdings were valued at $706,000 as of the most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and institutional investors have also recently changed their stakes in the business. Lion Street Advisors LLC increased his stake in Deere & Company by 2.0% in the fourth quarter. Lion Street Advisors LLC now owns 1,265 shares of the industrial products company, valued at $433,000, after acquiring an additional 25 of his shares last quarter. Mayflower Financial Advisors LLC increased his position in Deere & Co stock by 2.6% during the fourth quarter. Mayflower Financial Advisors LLC purchased an additional 25 shares during the last quarter and now owns 972 shares of the industrial products company, valued at $417,000. Sterling Investment Counsel LLC increased his stake in Deere & Co. by 3.3% in the fourth quarter. Sterling Investment Counsel LLC, which purchased an additional 26 shares last quarter, now owns 821 shares of the industrial products company, valued at $352,000. IAM Advisory LLC increased its stake in Deere & Company by 2.6% in the fourth quarter. IAM Advisory LLC purchased an additional 27 shares during the last quarter and now owns 1,058 shares of the industrial products company, valued at $454,000. Finally, St. Johns Investment Management Company LLC increased its stake in Deere & Company by 1.0% during the fourth quarter. St. John’s Investment Management Company LLC purchased an additional 27 shares last quarter and now owns 2,655 shares of the industrial products company, valued at $1,138,000. 71.33% of the shares are held by institutional investors and hedge funds.

Dear & Company Stock Up 0.3 %

The DE opened at $407.63 on Monday. The company has a debt to equity ratio of 1.59, a quick ratio of 1.70 and a current ratio of 1.96. The company has a market cap of $119.51 billion, a 13.68x P/E ratio, a 0.99x P/E ratio, and a 1.03x beta. The stock has a 50-day moving average of $376.68 and a 200-day moving average of $403.73. Deere & Company hit a one-year low of $283.81 and a one-year high of $448.40.

Deere & Company (NYSE:DE – Get Rating) last reported earnings on Friday, May 19. The industrial products company reported earnings per share (EPS) of $9.65 for the quarter, beating analyst consensus forecasts of $8.57 by $1.08. Deere & Company had a return on equity of 43.11% and a net profit margin of 15.00%. The company had revenue of $16.08 billion in the quarter, compared with analysts’ expectations of $14.87 billion. The company posted earnings per share of $6.81 in the same period last year. Deere & Company revenue increased by 33.6% compared to the same period last year. On average, equity analysts expect Deere & Co.’s EPS to be $31.91 this fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend payable on Tuesday, August 8. Investors registered on Friday, June 30, will be paid a dividend of $1.25 per share. This equates to an annualized dividend of $5.00 and a yield of 1.23%. The ex-dividend date for this dividend will be June 29 (Thursday). Deere & Company’s dividend payout ratio is currently 16.78%.

insider trading

In other Deere & Company news, insider Pentz Markwart Von sold 7,110 shares in the company in a transaction on Friday, May 26th. The shares sold at an average price of $356.69, giving him a total of $2,536,065.90. After the transaction, insiders now own 57,115 shares of the company’s stock, valued at $20,372,349.35. The transaction was disclosed in filings with the Securities and Exchange Commission, which are available at this link. In other news, director Tami A. Irwin purchased 675 shares of the company’s stock in a transaction on Tuesday, June 6th. Shares were acquired at an average price of $371.05 per share, giving him a total of $250,458.75. Following the closing of the transaction, the directors will own directly 950 shares of the company’s stock, valued at approximately $352,497.50. The acquisition was disclosed in filings with the Securities and Exchange Commission, which can be accessed at this link. Also, insider Penz Markwart Von sold 7,110 shares in the company in a transaction that took place on Friday, May 26. The shares were sold at an average price of $356.69 for a total transaction value of $2,536,065.90. After the sale, insiders now own 57,115 shares of the company’s stock, valued at approximately $20,372,349.35. Disclosure information regarding this sale can be found here. Insiders now own 0.26% of the shares.

Wall Street analyst speaks out

Several research firms have recently released reports on DE. Oppenheimer lowered its price target on Deere & Co. to $436.00 from $492.00 in a research report on Monday, May 22nd. StockNews.com downgraded Deere & Co. stock to a “hold” rating from a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lowered its target price for Deere & Co. shares to $392.00 from $440.00 in a report on Monday, May 22. Wells Fargo & Co. lowered its price target on Deere & Co. to $490.00 from $510.00 in its Monday, May 22 report. Finally, DA Davidson lowered his price target on Deere & Co. to $492.00 from $520.00 in a report on Monday, May 22nd. Eight investment analysts gave the company a hold rating, and 12 gave a buy rating. According to MarketBeat.com, the stock is currently rated “common buy” with an average target price of $442.67.

Deere & Company Company Profile

(get rating)

Deere & Co manufactures and sells equipment used in agriculture, construction, forestry and lawn care. It operates through the Agriculture & Lawn, Construction & Forestry, and Financial Services sectors. The Agriculture and Lawn segment focuses on sales and manufacturing of a full line of agricultural and lawn equipment and related service parts.

Related item

Want to know if other hedge funds hold DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Deere & Co. (NYSE:DE – rated).

Deere & Company (NYSE:DE) Quarterly Institutional Ownership

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