Ballentine Partners LLC Boosts Holdings in Deere & Company (NYSE:DE)

Ballentine Partners LLC lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,110 shares of the industrial products company's stock after acquiring an additional 858 shares during the quarter. Ballentine Partners LLC's holdings in Deere & Company were worth $2,589,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. DLK Investment Management LLC increased its stake in shares of Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after buying an additional 24 shares during the period. Mattern Wealth Management LLC increased its position in shares of Deere & Company by 1.3% in the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after purchasing an additional 25 shares during the last quarter. Carret Asset Management LLC raised its holdings in shares of Deere & Company by 0.3% in the 3rd quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock valued at $3,401,000 after purchasing an additional 25 shares in the last quarter. Round Rock Advisors LLC grew its stake in shares of Deere & Company by 2.0% during the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock worth $522,000 after purchasing an additional 25 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

DE traded up $7.62 during trading on Tuesday, reaching $463.06. The company's stock had a trading volume of 1,733,614 shares, compared to its average volume of 1,386,234. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company's fifty day moving average price is $432.55 and its 200-day moving average price is $403.19. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. The company has a market capitalization of $126.11 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last posted 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 firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company's revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $8.26 earnings per share. On average, equities analysts forecast that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.40%. Deere & Company's dividend payout ratio (DPR) is 25.31%.

Analyst Ratings Changes

DE has been the subject of several analyst reports. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Truist Financial increased their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Citigroup lowered their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley lifted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $442.83.

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.