Crestwood Advisors Group LLC Has $1.08 Million Stake in Deere & Company $DE

Crestwood Advisors Group LLC lowered its holdings in Deere & Company (NYSE:DEFree Report) by 27.3% in the third quarter, Holdings Channel reports. The firm owned 2,362 shares of the industrial products company’s stock after selling 889 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Deere & Company were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Howard Hughes Medical Institute bought a new stake in Deere & Company during the second quarter worth about $27,000. Activest Wealth Management increased its position in shares of Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 27 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 61 shares during the last quarter. United Community Bank raised its stake in shares of Deere & Company by 67.3% during the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 37 shares in the last quarter. Finally, Solstein Capital LLC boosted its holdings in shares of Deere & Company by 93.8% in the 2nd quarter. Solstein Capital LLC now owns 93 shares of the industrial products company’s stock valued at $47,000 after buying an additional 45 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent analyst reports. Wolfe Research boosted their target price on shares of Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Royal Bank Of Canada lowered their price objective on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Evercore reaffirmed a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $524.20.

View Our Latest Stock Report on DE

Deere & Company Trading Down 1.4%

Shares of NYSE:DE opened at $592.25 on Thursday. Deere & Company has a 12-month low of $404.42 and a 12-month high of $626.25. The business has a 50 day moving average of $515.50 and a 200-day moving average of $489.09. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The stock has a market cap of $160.54 billion, a PE ratio of 32.00, a P/E/G ratio of 2.40 and a beta of 1.02.

Deere & Company (NYSE:DEGet Free Report) last announced its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The firm had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.Deere & Company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $4.55 EPS. As a group, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Trending Headlines about Deere & Company

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Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 64,578 shares of company stock valued at $32,471,682. 0.29% of the stock is currently owned by company insiders.

About Deere & Company

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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