Deere & Company (NYSE:DE) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its stake in Deere & Company (NYSE:DE) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,346 shares of the industrial products company’s stock after buying an additional 70 shares during the period. Bleakley Financial Group LLC’s holdings in Deere & Company were worth $1,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wedmont Private Capital boosted its position in Deere & Company by 3.1% during the third quarter. Wedmont Private Capital now owns 2,573 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 78 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in Deere & Company by 3.5% in the 3rd quarter. Quotient Wealth Partners LLC now owns 892 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 30 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in Deere & Company by 5.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 817 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 40 shares during the last quarter. BWM Planning LLC purchased a new position in Deere & Company during the 3rd quarter valued at about $273,000. Finally, Strong Tower Advisory Services raised its position in Deere & Company by 9.6% during the third quarter. Strong Tower Advisory Services now owns 12,267 shares of the industrial products company’s stock worth $5,119,000 after acquiring an additional 1,073 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.1 %

DE stock opened at $465.63 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market cap of $126.82 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.94 and a beta of 0.98. The business has a fifty day simple moving average of $445.01 and a 200-day simple moving average of $412.26. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the firm posted $8.26 earnings per share. On average, equities research analysts expect that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analysts Set New Price Targets

Several research firms have recently commented on DE. Oppenheimer increased their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial raised their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Barclays lifted their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, UBS Group upped their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $444.50.

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.