Vivid Wealth Management LLC Sells 1,453 Shares of Deere & Company $DE

Vivid Wealth Management LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,573 shares of the industrial products company’s stock after selling 1,453 shares during the quarter. Deere & Company comprises approximately 1.3% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Vivid Wealth Management LLC’s holdings in Deere & Company were worth $3,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. QRG Capital Management Inc. boosted its position in shares of Deere & Company by 10.3% in the 1st quarter. QRG Capital Management Inc. now owns 14,720 shares of the industrial products company’s stock worth $8,292,000 after purchasing an additional 1,371 shares during the last quarter. HB Wealth Management LLC increased its holdings in Deere & Company by 13.0% in the first quarter. HB Wealth Management LLC now owns 15,233 shares of the industrial products company’s stock valued at $8,581,000 after purchasing an additional 1,757 shares during the last quarter. PFG Investments LLC lifted its stake in Deere & Company by 2.0% in the first quarter. PFG Investments LLC now owns 5,995 shares of the industrial products company’s stock valued at $3,377,000 after buying an additional 120 shares during the period. BIP Wealth LLC lifted its stake in Deere & Company by 18.5% in the first quarter. BIP Wealth LLC now owns 628 shares of the industrial products company’s stock valued at $354,000 after buying an additional 98 shares during the period. Finally, World Investment Advisors boosted its holdings in Deere & Company by 6.0% during the first quarter. World Investment Advisors now owns 3,608 shares of the industrial products company’s stock worth $2,032,000 after buying an additional 205 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

DE has been the subject of several analyst reports. Wolfe Research boosted their target price on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Barclays boosted their price objective on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $642.23.

Deere & Company Price Performance

Shares of DE opened at $621.09 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock has a 50 day simple moving average of $578.41 and a 200 day simple moving average of $562.69. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The firm has a market capitalization of $167.66 billion, a PE ratio of 35.19, a P/E/G ratio of 2.30 and a beta of 0.89.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same period last year, the company posted $6.64 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.71%.

About Deere & Company

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.