Calton & Associates Inc. Has $2.09 Million Stock Position in Deere & Company (NYSE:DE)

Calton & Associates Inc. boosted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 448.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the industrial products company's stock after acquiring an additional 3,642 shares during the quarter. Calton & Associates Inc.'s holdings in Deere & Company were worth $2,090,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company during the 1st quarter worth $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Orion Capital Management LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $34,000. Mascagni Wealth Management Inc. bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $39,000. Finally, Citizens National Bank Trust Department bought a new stake in Deere & Company during the 1st quarter valued at about $45,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.0%

DE stock traded down $0.12 during midday trading on Monday, hitting $499.70. The company's stock had a trading volume of 660,006 shares, compared to its average volume of 1,340,831. The stock has a market capitalization of $135.33 billion, a P/E ratio of 24.17, a PEG ratio of 3.17 and a beta of 1.08. The company's fifty day moving average price is $512.85 and its 200 day moving average price is $481.48. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the business posted $8.53 earnings per share. The company's revenue for the quarter was down 17.9% on a year-over-year basis. As a group, equities research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.30%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DE shares. Morgan Stanley boosted their price target on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Robert W. Baird raised their target price on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Truist Financial boosted their target price on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets restated a "market perform" rating and set a $460.00 price target (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Finally, Citigroup lowered their target price on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $515.50.

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.