Deere & Company (NYSE:DE) Stock Holdings Increased by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620 shares of the industrial products company’s stock after purchasing an additional 81 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Deere & Company were worth $248,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DE. River Global Investors LLP acquired a new position in shares of Deere & Company in the fourth quarter worth about $3,500,000. Connecticut Wealth Management LLC boosted its stake in Deere & Company by 5.0% in the 4th quarter. Connecticut Wealth Management LLC now owns 2,334 shares of the industrial products company’s stock worth $933,000 after purchasing an additional 111 shares during the period. National Bank of Canada FI boosted its stake in Deere & Company by 35.7% in the 4th quarter. National Bank of Canada FI now owns 176,725 shares of the industrial products company’s stock worth $70,724,000 after purchasing an additional 46,476 shares during the period. Alan B Lancz & Associates Inc. grew its position in Deere & Company by 29.4% during the 4th quarter. Alan B Lancz & Associates Inc. now owns 1,100 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 250 shares in the last quarter. Finally, TCG Advisory Services LLC acquired a new stake in Deere & Company during the 4th quarter valued at $512,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE stock traded up $5.00 during trading on Friday, hitting $400.96. 1,626,960 shares of the stock traded hands, compared to its average volume of 1,337,641. The stock has a market cap of $111.61 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.49 and a beta of 1.04. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $391.45 and a 200 day simple moving average of $383.91.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The company 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%. Deere & Company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. Equities analysts expect that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DE. Truist Financial assumed coverage on Deere & Company in a research note on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company dropped their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Evercore ISI upped their price target on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $433.28.

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.