Buckley Wealth Management LLC Makes New $235,000 Investment in Deere & Company (NYSE:DE)

Buckley Wealth Management LLC purchased a new stake in shares of Deere & Company (NYSE:DEFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 581 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other large investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Deere & Company by 1,475.0% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 63 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Deere & Company in the 1st quarter worth $28,000. Lansing Street Advisors boosted its holdings in shares of Deere & Company by 1,725.0% in the 1st quarter. Lansing Street Advisors now owns 73 shares of the industrial products company’s stock valued at $30,000 after buying an additional 69 shares in the last quarter. Barrett & Company Inc. bought a new position in shares of Deere & Company during the 1st quarter worth approximately $31,000. Finally, 25 LLC purchased a new position in Deere & Company in the first quarter worth $34,000. Hedge funds and other institutional investors own 66.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 4,680 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $449.75, for a total transaction of $2,104,830.00. Following the completion of the transaction, the insider now owns 36,563 shares in the company, valued at $16,444,209.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Cory J. Reed sold 4,680 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $449.75, for a total value of $2,104,830.00. Following the completion of the sale, the insider now directly owns 36,563 shares of the company’s stock, valued at approximately $16,444,209.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. May II sold 52,967 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the transaction, the chief executive officer now owns 109,126 shares in the company, valued at $45,398,598.52. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DE. Bank of America raised their price objective on Deere & Company from $455.00 to $484.00 in a research report on Sunday, August 20th. Robert W. Baird lowered their price target on Deere & Company from $512.00 to $445.00 in a research report on Monday, May 22nd. Citigroup increased their price objective on Deere & Company from $460.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Oppenheimer dropped their target price on Deere & Company from $467.00 to $458.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Finally, Canaccord Genuity Group assumed coverage on shares of Deere & Company in a research report on Wednesday, June 28th. They set a “buy” rating and a $530.00 price target for the company. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $460.20.

Read Our Latest Report on Deere & Company

Deere & Company Stock Down 0.3 %

Shares of NYSE DE opened at $410.77 on Tuesday. Deere & Company has a 52-week low of $328.62 and a 52-week high of $450.00. The business’s 50 day moving average is $417.81 and its two-hundred day moving average is $398.87. The firm has a market cap of $118.30 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.93 and a beta of 1.07. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 1.65.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $10.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.22 by $1.98. Deere & Company had a net margin of 16.36% and a return on equity of 46.15%. The company had revenue of $14.28 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same period in the prior year, the firm earned $6.16 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Deere & Company will post 33.9 EPS for the current year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Friday, September 29th will be issued a dividend of $1.35 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.25. The ex-dividend date is Thursday, September 28th. This represents a $5.40 annualized dividend and a yield of 1.31%. Deere & Company’s dividend payout ratio is 14.78%.

About Deere & Company

(Free Report)

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

Further Reading

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.