United Capital Financial Advisors LLC Raises Stock Position in Deere & Company (NYSE:DE)

United Capital Financial Advisors LLC boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,827 shares of the industrial products company's stock after purchasing an additional 1,173 shares during the quarter. United Capital Financial Advisors LLC's holdings in Deere & Company were worth $23,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC raised its holdings in shares of Deere & Company by 2.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after acquiring an additional 22 shares in the last quarter. DLK Investment Management LLC raised its holdings in shares of Deere & Company by 0.3% in the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after purchasing an additional 24 shares in the last quarter. Quent Capital LLC lifted its position in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after purchasing an additional 24 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after purchasing an additional 24 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in Deere & Company by 4.7% during 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 period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Deere & Company stock traded down $0.36 during midday trading on Friday, reaching $452.06. The company had a trading volume of 1,044,813 shares, compared to its average volume of 1,426,154. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a market capitalization of $122.70 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 1.00. The firm's fifty day simple moving average is $469.77 and its 200-day simple moving average is $444.52.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, March 31st. Deere & Company's payout ratio is presently 28.72%.

Wall Street Analysts Forecast Growth

DE has been the topic of several recent research reports. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Truist Financial restated a "buy" rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup lowered their target price on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upped their price target on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Deere & Company has a consensus rating of "Hold" and a consensus price target of $459.89.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

About Deere & Company

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.