B. Riley Wealth Advisors Inc. Has $5.61 Million Stock Holdings in Deere & Company (NYSE:DE)

B. Riley Wealth Advisors Inc. decreased its position in Deere & Company (NYSE:DE - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,192 shares of the industrial products company's stock after selling 529 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Deere & Company were worth $5,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Deere & Company by 11.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,079 shares of the industrial products company's stock worth $4,694,000 after purchasing an additional 1,119 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in Deere & Company by 16.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 1,050 shares of the industrial products company's stock valued at $445,000 after purchasing an additional 150 shares in the last quarter. Jacksonville Wealth Management LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at approximately $2,521,000. Finally, AlphaMark Advisors LLC raised its holdings in shares of Deere & Company by 34.0% in the 4th quarter. AlphaMark Advisors LLC now owns 138 shares of the industrial products company's stock worth $58,000 after buying an additional 35 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research note on Friday. Barclays boosted their price target on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wall Street Zen lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Friday. Truist Financial lifted their target price on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Deere & Company presently has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Trading Up 0.5%

NYSE:DE traded up $2.32 on Friday, hitting $505.77. 1,686,075 shares of the stock were exchanged, compared to its average volume of 1,404,259. 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 stock has a market capitalization of $137.27 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.14 and a beta of 1.08. The company's 50-day moving average price is $475.02 and its 200 day moving average price is $461.23.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly 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. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm posted $8.53 earnings per share. Deere & Company's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

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.