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

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,154 shares of the industrial products company's stock, valued at approximately $489,000.

A number of other large investors also recently bought and sold shares of DE. Norges Bank bought a new position in Deere & Company in the 4th quarter valued at $1,244,094,000. Castlekeep Investment Advisors LLC bought a new position in Deere & Company in the 4th quarter valued at $541,437,000. Price T Rowe Associates Inc. MD grew its position in Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after acquiring an additional 1,095,736 shares during the last quarter. FMR LLC grew its position in Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock valued at $2,364,843,000 after acquiring an additional 1,039,395 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Deere & Company in the 4th quarter valued at $296,232,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.3%

DE stock traded down $1.74 during trading on Wednesday, reaching $507.89. 739,257 shares of the company traded hands, compared to its average volume of 1,406,012. The business has a 50 day simple moving average of $473.84 and a 200 day simple moving average of $460.21. 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 12 month low of $340.20 and a 12 month high of $533.78. The company has a market capitalization of $137.85 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly 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 company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the business posted $8.53 earnings per share. The firm's revenue was down 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid 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%.

Wall Street Analysts Forecast Growth

DE has been the topic of several research analyst reports. Truist Financial upped their price objective on Deere & Company from $546.00 to $619.00 and gave the company a "buy" 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. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer increased their price target on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus price target of $516.75.

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.