TCG Advisory Services LLC Buys Shares of 1,280 Deere & Company (NYSE:DE)

TCG Advisory Services LLC bought a new position in shares of Deere & Company (NYSE:DE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,280 shares of the industrial products company’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Everhart Financial Group Inc. increased its holdings in Deere & Company by 29.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,042 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 238 shares in the last quarter. Hixon Zuercher LLC increased its stake in shares of Deere & Company by 1.4% in the third quarter. Hixon Zuercher LLC now owns 4,159 shares of the industrial products company’s stock valued at $1,570,000 after buying an additional 59 shares during the period. Lindbrook Capital LLC raised its holdings in Deere & Company by 64.2% in the 3rd quarter. Lindbrook Capital LLC now owns 706 shares of the industrial products company’s stock valued at $266,000 after buying an additional 276 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Deere & Company by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,840 shares of the industrial products company’s stock worth $1,072,000 after buying an additional 59 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Deere & Company by 1.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 199,318 shares of the industrial products company’s stock worth $75,219,000 after acquiring an additional 1,922 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE stock traded up $5.00 during trading on Friday, hitting $400.96. The company’s stock had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. 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 market cap of $111.61 billion, a PE ratio of 11.68, a P/E/G ratio of 1.51 and a beta of 1.04. The business has a fifty day moving average of $391.45 and a 200-day moving average of $383.87. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. As a group, research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial began coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price for the company. Citigroup dropped their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Morgan Stanley assumed coverage on shares of Deere & Company in a research note on Monday, January 8th. They set an “overweight” rating and a $430.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.