TrinityPoint Wealth LLC Makes New $200,000 Investment in Deere & Company (NYSE:DE)

TrinityPoint Wealth LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 473 shares of the industrial products company's stock, valued at approximately $200,000.

Several other institutional investors have also bought and sold shares of DE. Compass Financial Services Inc purchased a new stake in shares of Deere & Company during the 4th quarter valued at $254,000. Banque Pictet & Cie SA increased its holdings in Deere & Company by 2.0% during the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after buying an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC raised its position in Deere & Company by 2.9% in the fourth 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 during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Deere & Company in the fourth quarter valued at about $847,000. Finally, BankPlus Trust Department bought a new position in shares of Deere & Company during the 4th quarter valued at approximately $1,127,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Trading Up 0.2%

Shares of NYSE DE traded up $0.90 during midday trading on Thursday, reaching $515.56. The company had a trading volume of 948,493 shares, compared to its average volume of 1,413,474. The stock has a market cap of $139.93 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. Deere & Company has a one year low of $340.20 and a one year high of $533.78. The firm's fifty day moving average price is $471.37 and its 200-day moving average price is $456.81. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $8.53 earnings per share. The business's revenue was down 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley increased their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 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 report on Friday, May 16th. Robert W. Baird raised their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, UBS Group lowered their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Deere & Company has an average rating of "Hold" and a consensus price target of $516.75.

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.