AG Asset Advisory LLC purchased a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 683 shares of the industrial products company's stock, valued at approximately $289,000. Deere & Company comprises 0.3% of AG Asset Advisory LLC's portfolio, making the stock its 18th largest position.
A number of other institutional investors and hedge funds have also bought and sold shares of DE. Brighton Jones LLC grew its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after acquiring an additional 1,278 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Deere & Company by 34.0% in the fourth quarter. AlphaMark Advisors LLC now owns 138 shares of the industrial products company's stock worth $58,000 after purchasing an additional 35 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Deere & Company by 15.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,517 shares of the industrial products company's stock worth $1,066,000 after purchasing an additional 335 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Deere & Company by 10.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,310 shares of the industrial products company's stock worth $3,097,000 after acquiring an additional 699 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new stake in Deere & Company in the 4th quarter worth $1,645,000. 68.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
DE has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Truist Financial raised their target price on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $516.75.
View Our Latest Stock Analysis on DE
Deere & Company Stock Down 0.3%
Shares of NYSE DE traded down $1.74 during mid-day trading on Wednesday, hitting $507.89. 739,835 shares of the stock traded hands, compared to its average volume of 1,405,844. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a market cap of $137.85 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.14 and a beta of 1.08. The stock has a fifty day moving average price of $474.56 and a 200-day moving average price of $460.54.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The company's revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.53 EPS. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.28%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.
Deere & Company Profile
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Free Report)
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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