Integrated Advisors Network LLC Buys 383 Shares of Deere & Company (NYSE:DE)

Integrated Advisors Network LLC raised its stake in Deere & Company (NYSE:DE) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,918 shares of the industrial products company’s stock after buying an additional 383 shares during the period. Integrated Advisors Network LLC’s holdings in Deere & Company were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Novak & Powell Financial Services Inc. acquired a new position in shares of Deere & Company in the 4th quarter valued at about $210,000. GLOBALT Investments LLC GA acquired a new position in shares of Deere & Company in the 4th quarter valued at about $415,000. Sunpointe LLC acquired a new position in Deere & Company during the 4th quarter worth approximately $274,000. Taylor Financial Group Inc. acquired a new position in Deere & Company during the 4th quarter worth approximately $218,000. Finally, Winslow Asset Management Inc. raised its stake in Deere & Company by 1.4% during the 4th quarter. Winslow Asset Management Inc. now owns 17,426 shares of the industrial products company’s stock worth $6,968,000 after buying an additional 236 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE traded up $0.05 during trading on Friday, hitting $378.00. 1,485,224 shares of the company were exchanged, compared to its average volume of 1,325,963. The company has a market cap of $104.17 billion, a PE ratio of 11.38, a P/E/G ratio of 1.52 and a beta of 0.98. The stock has a 50 day moving average of $390.39 and a 200 day moving average of $386.25. Deere & Company has a 52-week low of $353.15 and a 52-week high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.86 by $0.67. The firm had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $13.29 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.65 earnings per share. As a group, equities research analysts predict that Deere & Company will post 25.61 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be given a $1.47 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.56%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DE shares. Truist Financial started 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. Daiwa Capital Markets increased their price objective on Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. TD Cowen increased their price objective on Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. DA Davidson lowered their price objective on Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $456.00 target price on shares of Deere & Company in a report on Thursday, May 16th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $433.36.

Deere & 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.