Wedmont Private Capital Has $1.14 Million Position in Deere & Company (NYSE:DE)

Wedmont Private Capital grew its stake in Deere & Company (NYSE:DE) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,782 shares of the industrial products company’s stock after buying an additional 209 shares during the period. Wedmont Private Capital’s holdings in Deere & Company were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Deere & Company during the second quarter worth approximately $26,000. Modus Advisors LLC bought a new position in shares of Deere & Company during the 4th quarter worth approximately $32,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the 3rd quarter worth approximately $32,000. Centennial Bank AR increased its stake in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DE shares. Oppenheimer lifted their price target on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, Truist Financial lifted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Eleven 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 stock currently has a consensus rating of “Hold” and an average target price of $443.94.

Deere & Company Trading Up 5.3 %

Shares of Deere & Company stock opened at $430.17 on Tuesday. The firm has a market cap of $117.69 billion, a PE ratio of 16.80, a P/E/G ratio of 1.88 and a beta of 0.96. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a fifty day moving average price of $428.56 and a 200-day moving average price of $400.45.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same period in the previous year, the company earned $8.26 earnings per share. The company’s quarterly revenue was down 32.8% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 19.41 EPS for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is currently 22.97%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.