Parr Mcknight Wealth Management Group LLC Buys Shares of 1,154 Deere & Company (NYSE:DE)

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,154 shares of the industrial products company's stock, valued at approximately $489,000.

A number of other large investors have also modified their holdings of DE. Compass Financial Services Inc acquired a new position in shares of Deere & Company during the 4th quarter worth about $254,000. Banque Pictet & Cie SA boosted its position in shares of Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after acquiring an additional 1,500 shares in the last quarter. Spectrum Financial Alliance Ltd LLC boosted its position in shares of Deere & Company by 2.9% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after acquiring an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Deere & Company in the 4th quarter valued at about $847,000. Finally, BankPlus Trust Department acquired a new stake in shares of Deere & Company in the 4th quarter valued at about $1,127,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DE. Evercore ISI upped their target price on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Truist Financial upped their target price on Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Barclays upped their target price on 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 raised Deere & Company from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley upped their target price on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $516.75.

Deere & Company Price Performance

NYSE:DE traded down $0.86 during trading hours on Tuesday, reaching $509.20. 1,103,513 shares of the company traded hands, compared to its average volume of 1,408,677. The firm's 50-day moving average is $473.20 and its 200-day moving average is $459.86. The stock has a market cap of $138.20 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78.

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

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

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.