JFS Wealth Advisors LLC Sells 600 Shares of Deere & Company (NYSE:DE)
JFS Wealth Advisors LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 30.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,400 shares of the industrial products company’s stock after selling 600 shares during the period. JFS Wealth Advisors LLC’s holdings in Deere & Company were worth $232,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Private Ocean LLC increased its holdings in shares of Deere & Company by 560.0% in the first quarter. Private Ocean LLC now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 168 shares during the period. Ellis Investment Partners LLC purchased a new position in Deere & Company during the 1st quarter valued at about $33,000. Arcus Capital Partners LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $33,000. Orrstown Financial Services Inc. increased its holdings in Deere & Company by 116.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 216 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 116 shares during the period. Finally, Field & Main Bank purchased a new position in Deere & Company during the 1st quarter valued at about $40,000. 67.67% of the stock is owned by institutional investors.
DE has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $175.00 price objective (down from $195.00) on shares of Deere & Company in a research report on Monday, May 27th. Vertical Research cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Stephens initiated coverage on Deere & Company in a research report on Wednesday, August 14th. They set an “equal weight” rating and a $160.00 price objective on the stock. Jefferies Financial Group raised Deere & Company from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $190.00 in a research report on Monday, June 24th. Finally, UBS Group dropped their price target on Deere & Company from $167.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $166.89.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, August 16th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.09). The business had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $9.38 billion. Deere & Company had a net margin of 8.55% and a return on equity of 27.75%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.59 earnings per share. Analysts expect that Deere & Company will post 10.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Friday, June 28th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $3.04 annualized dividend and a yield of 1.95%. Deere & Company’s dividend payout ratio (DPR) is presently 32.37%.
In other Deere & Company news, COO John C. May II sold 5,228 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $170.00, for a total transaction of $888,760.00. Following the completion of the sale, the chief operating officer now directly owns 49,310 shares in the company, valued at approximately $8,382,700. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO John C. May II sold 16,468 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $163.21, for a total transaction of $2,687,742.28. Following the sale, the chief operating officer now owns 60,550 shares of the company’s stock, valued at $9,882,365.50. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.
About Deere & Company
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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