IHT Wealth Management LLC Has $3.60 Million Position in Deere & Company (NYSE:DE)

IHT Wealth Management LLC increased its stake in Deere & Company (NYSE:DE - Free Report) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,630 shares of the industrial products company's stock after purchasing an additional 1,925 shares during the quarter. IHT Wealth Management LLC's holdings in Deere & Company were worth $3,600,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in Deere & Company during the 2nd quarter worth about $26,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the 3rd quarter worth about $32,000. Centennial Bank AR raised its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after buying an additional 84 shares during the period. Darwin Wealth Management LLC acquired a new stake in Deere & Company during the 3rd quarter worth about $47,000. Finally, Briaud Financial Planning Inc raised its holdings in Deere & Company by 73.5% during the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock worth $44,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Down 1.1 %

Deere & Company stock traded down $4.86 during mid-day trading on Wednesday, hitting $454.39. The stock had a trading volume of 643,205 shares, compared to its average volume of 1,445,570. The stock has a 50-day simple moving average of $415.29 and a two-hundred day simple moving average of $389.04. The stock has a market capitalization of $124.32 billion, a PE ratio of 17.94, a P/E/G ratio of 1.98 and a beta of 0.96. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

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 (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. During the same quarter last year, the business earned $8.26 earnings per share. The firm's quarterly revenue was down 32.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 19.52 EPS for the current 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 dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.43%. This is a boost from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is 22.97%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DE. BMO Capital Markets began coverage on Deere & Company in a report on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective on the stock. UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Evercore ISI upped their target price on Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Deere & Company from $420.00 to $450.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Finally, Oppenheimer upped their target price on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Deere & Company presently has a consensus rating of "Hold" and an average price target of $436.41.

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.