Brady Martz Wealth Solutions LLC Buys Shares of 1,453 Deere & Company (NYSE:DE)

Brady Martz Wealth Solutions LLC purchased a new stake in shares of 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. The firm purchased 1,453 shares of the industrial products company's stock, valued at approximately $628,000.

Several other institutional investors and hedge funds have also modified their holdings of DE. Fairscale Capital LLC bought a new position in Deere & Company in the 2nd quarter worth $26,000. Modus Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter worth about $32,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company during the 3rd quarter worth about $32,000. Centennial Bank AR grew its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DE shares. Citigroup lowered their price objective on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research note on Wednesday. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company has an average rating of "Hold" and an average target price of $442.83.

Deere & Company Stock Up 4.0 %

Shares of DE opened at $456.57 on Friday. The company has a market capitalization of $124.00 billion, a P/E ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The business's 50 day simple moving average is $431.48 and its 200-day simple moving average is $401.99. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $8.26 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 19.57 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company's dividend payout ratio (DPR) is 25.31%.

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.

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