Floyd Financial Group LLC purchased a new position in Deere & Company (NYSE:DE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 576 shares of the industrial products company’s stock, valued at approximately $235,000.
Other large investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the second quarter worth approximately $26,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the 3rd quarter worth $32,000. Modus Advisors LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth $32,000. Centennial Bank AR grew its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Stock Up 0.5 %
Deere & Company stock opened at $432.17 on Wednesday. The company has a market capitalization of $118.24 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The firm has a 50 day moving average price of $429.20 and a 200 day moving average price of $400.87.
Deere & Company Increases Dividend
The business 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 $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.50%. Deere & Company’s dividend payout ratio (DPR) is 22.97%.
Analysts Set New Price Targets
Several analysts recently issued reports on DE shares. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Barclays increased their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $441.72.
Read Our Latest Stock Report on Deere & Company
About Deere & Company
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.
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