Capital Planning Advisors LLC Has $1.52 Million Stock Position in Deere & Company (NYSE:DE)

Capital Planning Advisors LLC lessened its stake in shares of Deere & Company (NYSE:DE - Free Report) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,577 shares of the industrial products company's stock after selling 792 shares during the period. Capital Planning Advisors LLC's holdings in Deere & Company were worth $1,515,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DE. Wellington Management Group LLP increased its position in shares of Deere & Company by 32.0% in the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after acquiring an additional 1,782,984 shares in the last quarter. FMR LLC boosted its stake in Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after purchasing an additional 988,380 shares during the period. Pathway Financial Advisers LLC grew its position in Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after purchasing an additional 852,885 shares in the last quarter. International Assets Investment Management LLC raised its stake in Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after purchasing an additional 770,451 shares during the period. Finally, Stockbridge Partners LLC lifted its holdings in shares of Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after purchasing an additional 540,874 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of DE stock traded up $15.47 during trading hours on Thursday, hitting $475.22. The company had a trading volume of 1,933,404 shares, compared to its average volume of 1,407,168. Deere & Company has a 12 month low of $340.20 and a 12 month high of $475.92. 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 firm's fifty day moving average is $435.34 and its 200 day moving average is $404.30. The firm has a market capitalization of $129.43 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.86 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the company earned $8.26 EPS. The firm's revenue for the quarter was down 32.8% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.36%. Deere & Company's payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Citigroup lowered their price target on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Barclays increased their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, Truist Financial lifted their price target on Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.