Deere & Company (NYSE:DE) Stake Decreased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,840 shares of the industrial products company's stock after selling 1,548 shares during the quarter. Deere & Company makes up about 5.5% of Birmingham Capital Management Co. Inc. AL's investment portfolio, making the stock its 2nd biggest holding. Birmingham Capital Management Co. Inc. AL's holdings in Deere & Company were worth $14,762,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DE. Robertson Stephens Wealth Management LLC increased its stake in shares of Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after acquiring an additional 22 shares in the last quarter. Quent Capital LLC increased its stake in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after acquiring an additional 24 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after purchasing an additional 24 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its stake in Deere & Company by 1.2% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company's stock valued at $896,000 after purchasing an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management increased its stake in Deere & Company by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 5,127 shares of the industrial products company's stock valued at $2,172,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Up 0.5%

Shares of NYSE DE traded up $2.32 during trading on Friday, hitting $505.77. The stock had a trading volume of 1,686,451 shares, compared to its average volume of 1,404,510. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a market capitalization of $137.27 billion, a PE ratio of 22.42, a PEG ratio of 2.14 and a beta of 1.08. The firm has a fifty day moving average of $475.54 and a two-hundred day moving average of $462.00.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.53 EPS. As a group, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DE shares. Raymond James boosted their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. 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 note on Friday, May 16th. Robert W. Baird boosted their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Truist Financial boosted their price target 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, Oppenheimer boosted their price target on shares of Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $515.19.

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.