Todays Report: Today: Deere & Company (DE) Position Held by Rand Wealth LLC

Today: Deere & Company (DE) Position Held by Rand Wealth LLC

Rand Wealth LLC held its stake in shares of Deere & Company (NYSE:DE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,679 shares of the company’s stock at the end of the third quarter. Rand Wealth LLC’s holdings in Deere & Company were worth $485,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Washington Trust Bank boosted its position in shares of Deere & Company by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the last quarter. Hartford Financial Management Inc. boosted its position in shares of Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares during the last quarter. Jolley Asset Management LLC boosted its position in shares of Deere & Company by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. CWM LLC boosted its position in shares of Deere & Company by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in shares of Deere & Company by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares during the last quarter. 71.68% of the stock is owned by institutional investors and hedge funds.

Shares of Deere & Company (NYSE:DE) traded down 1.41% during midday trading on Monday, reaching $102.45. The company’s stock had a trading volume of 2,393,169 shares. Deere & Company has a 52 week low of $70.16 and a 52 week high of $104.83. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 20.53 and a beta of 0.71. The firm’s 50 day moving average is $89.32 and its 200 day moving average is $84.18.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.50. The firm had revenue of $6.52 billion for the quarter. Deere & Company had a return on equity of 21.54% and a net margin of 5.72%. Deere & Company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. Equities analysts forecast that Deere & Company will post $4.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Company’s dividend payout ratio (DPR) is presently 49.90%.

Several brokerages have recently issued reports on DE. Citigroup Inc. reduced their price objective on Deere & Company from $100.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, August 22nd. Piper Jaffray Cos. upgraded Deere & Company from an “underweight” rating to a “neutral” rating in a research note on Monday. TheStreet upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Barclays PLC lifted their price target on Deere & Company from $63.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. cut Deere & Company from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $88.74.

In other news, insider John C. May II sold 18,614 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the sale, the insider now owns 28,926 shares in the company, valued at $2,790,201.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Deere & Company Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

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