Deere & Company $DE Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its stake in Deere & Company (NYSE:DE) by 263.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,308 shares of the industrial products company’s stock after acquiring an additional 12,551 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Deere & Company were worth $7,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in Deere & Company during the 2nd quarter valued at $25,000. Howard Hughes Medical Institute purchased a new position in Deere & Company in the 2nd quarter valued at about $27,000. Activest Wealth Management grew its stake in shares of Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Deere & Company by 406.7% during the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 61 shares during the last quarter. Finally, Soundwatch Capital LLC purchased a new stake in shares of Deere & Company during the second quarter worth about $41,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $543.95 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $147.45 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Deere & Company has a twelve month low of $404.42 and a twelve month high of $545.32. The business has a 50 day simple moving average of $488.99 and a 200-day simple moving average of $482.68.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $4.55 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Deere & Company’s dividend payout ratio is currently 35.01%.

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Wells Fargo & Company started coverage on Deere & Company in a report on Thursday, November 13th. They issued an “overweight” rating and a $543.00 price target for the company. Oppenheimer increased their target price on Deere & Company from $512.00 to $531.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Morgan Stanley reissued an “overweight” rating and set a $560.00 price target on shares of Deere & Company in a research report on Tuesday, December 9th. Jefferies Financial Group upped their price target on shares of Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Finally, Zacks Research raised shares of Deere & Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Fifteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.20.

Insider Transactions at Deere & Company

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

Deere & Company Company Profile

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.