Gutierrez Wealth Advisory LLC Invests $474,000 in Deere & Company (NYSE:DE)

Gutierrez Wealth Advisory LLC purchased a new position in shares of Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,119 shares of the industrial products company’s stock, valued at approximately $474,000. Deere & Company accounts for approximately 0.4% of Gutierrez Wealth Advisory LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also made changes to their positions in the stock. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Deere & Company by 2.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 22 shares during the period. DLK Investment Management LLC boosted its holdings in shares of Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company’s stock worth $3,479,000 after purchasing an additional 24 shares during the period. Quent Capital LLC boosted its holdings in shares of Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 24 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after purchasing an additional 24 shares during the period. Finally, Douglas Lane & Associates LLC boosted its holdings in shares of Deere & Company by 4.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 25 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on DE shares. Baird R W cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group lifted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $460.00.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $477.03 on Friday. The firm has a fifty day simple moving average of $471.98 and a 200-day simple moving average of $435.61. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The stock has a market capitalization of $129.47 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.