486 Shares in Deere & Company (NYSE:DE) Purchased by Spartan Planning & Wealth Management

Spartan Planning & Wealth Management purchased a new stake in Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 486 shares of the industrial products company’s stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. boosted its holdings in shares of Deere & Company by 148.3% in the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company’s stock worth $5,179,000 after acquiring an additional 7,300 shares in the last quarter. Stockbridge Partners LLC raised its position in Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock valued at $369,019,000 after purchasing an additional 540,874 shares during the last quarter. Toronto Dominion Bank boosted its stake in Deere & Company by 1.5% in the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company’s stock worth $36,288,000 after purchasing an additional 1,291 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after purchasing an additional 2,692 shares during the last quarter. Finally, Chase Investment Counsel Corp increased its stake in shares of Deere & Company by 53.8% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock valued at $1,669,000 after buying an additional 1,400 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Down 0.7 %

Shares of NYSE DE traded down $3.01 during mid-day trading on Tuesday, reaching $414.99. 361,675 shares of the company’s stock were exchanged, compared to its average volume of 824,434. The firm has a market capitalization of $112.70 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.91 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $427.49 and a 200 day simple moving average of $399.08.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.26 EPS. As a group, equities analysts expect that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.56%. Deere & Company’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

DE has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. UBS Group upped their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Truist Financial upped their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Barclays increased their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average target price of $443.94.

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.