Deere & Company (NYSE:DE) Shares Acquired by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC raised its holdings in Deere & Company (NYSE:DE) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732 shares of the industrial products company’s stock after acquiring an additional 64 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Deere & Company were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pinnacle Associates Ltd. raised its holdings in shares of Deere & Company by 11.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 4,416 shares of the industrial products company’s stock worth $1,666,000 after purchasing an additional 438 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Deere & Company by 0.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 153,295 shares of the industrial products company’s stock worth $57,850,000 after purchasing an additional 1,315 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth approximately $232,000. Stratos Wealth Partners LTD. raised its holdings in shares of Deere & Company by 38.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,321 shares of the industrial products company’s stock worth $4,273,000 after purchasing an additional 3,161 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Deere & Company by 8.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,247 shares of the industrial products company’s stock worth $848,000 after purchasing an additional 178 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DE. Truist Financial began coverage on shares of Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Morgan Stanley began coverage on shares of Deere & Company in a report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target on the stock. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Melius Research restated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $433.28.

Deere & Company Stock Performance

Shares of NYSE DE traded up $4.91 during trading hours on Friday, hitting $400.87. 1,626,956 shares of the stock were exchanged, compared to its average volume of 1,472,102. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The company’s 50 day moving average is $390.73 and its 200 day moving average is $383.84. The firm has a market capitalization of $111.59 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.46 and a beta of 1.04. Deere & Company has a one year low of $345.55 and a one year high of $450.00.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.55 EPS. On average, research analysts expect that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is currently 17.12%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of 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 large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, 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.