Deere & Company (NYSE:DE) Stock Holdings Reduced by Taylor & Morgan Wealth Management LLC

Taylor & Morgan Wealth Management LLC decreased its holdings in shares of Deere & Company (NYSE:DE) by 44.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 639 shares of the industrial products company’s stock after selling 511 shares during the quarter. Taylor & Morgan Wealth Management LLC’s holdings in Deere & Company were worth $271,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DE. Sara Bay Financial grew its position in Deere & Company by 2.5% in the 4th quarter. Sara Bay Financial now owns 1,455 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 35 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Deere & Company by 17.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 3,121 shares of the industrial products company’s stock worth $1,322,000 after purchasing an additional 456 shares during the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in shares of Deere & Company by 5.4% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 5,998 shares of the industrial products company’s stock worth $2,541,000 after acquiring an additional 307 shares during the last quarter. Alhambra Investment Management LLC boosted its position in Deere & Company by 3.8% in the 4th quarter. Alhambra Investment Management LLC now owns 770 shares of the industrial products company’s stock valued at $326,000 after buying an additional 28 shares during the last quarter. Finally, Spring Capital Management LLC increased its position in Deere & Company by 3.1% in the fourth quarter. Spring Capital Management LLC now owns 19,093 shares of the industrial products company’s stock worth $8,090,000 after purchasing an additional 579 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Truist Financial lifted their target price on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Oppenheimer upped their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. UBS Group raised their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $442.83.

Deere & Company Price Performance

Shares of NYSE DE opened at $456.57 on Friday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The company’s 50-day moving average is $431.48 and its 200 day moving average is $401.99. 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 market capitalization of $124.00 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the previous year, the business posted $8.26 EPS. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. On average, sell-side analysts expect that Deere & Company will post 19.57 earnings per share for the current year.

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. 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 1.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Deere & 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.