B. Riley Wealth Advisors Inc. Has $5.70 Million Position in Deere & Company (NYSE:DE)

B. Riley Wealth Advisors Inc. lowered its holdings in Deere & Company (NYSE:DE - Free Report) by 27.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,721 shares of the industrial products company's stock after selling 5,142 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Deere & Company were worth $5,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter worth $32,000. Centennial Bank AR grew its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares during the period. Finally, Briaud Financial Planning Inc raised its stake in shares of Deere & Company by 73.5% during the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 50 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on DE. Citigroup raised their target price on shares of Deere & Company from $460.00 to $470.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Truist Financial increased their price target on Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Barclays lifted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $443.28.

Deere & Company Stock Up 0.2 %

Shares of NYSE DE traded up $0.96 during trading hours on Friday, hitting $440.44. The stock had a trading volume of 900,756 shares, compared to its average volume of 1,439,312. The company has a market capitalization of $120.50 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.91 and a beta of 0.96. The firm's 50-day moving average price is $420.61 and its two-hundred day moving average price is $392.67. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company's revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter last year, the firm earned $8.26 EPS. Analysts anticipate that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company's dividend payout ratio (DPR) is presently 25.31%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.