Deere & Company (NYSE:DE) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lowered its stake in shares of Deere & Company (NYSE:DE - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,533 shares of the industrial products company's stock after selling 652 shares during the period. HB Wealth Management LLC's holdings in Deere & Company were worth $2,768,000 as of its most recent filing with the Securities & Exchange Commission.

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

Deere & Company Stock Up 4.0 %

Deere & Company stock opened at $456.57 on Monday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The firm has a market cap of $124.35 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The business's 50-day moving average price is $431.48 and its 200 day moving average price is $402.25. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share 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 firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the previous year, the firm earned $8.26 EPS. The business's quarterly revenue was down 32.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Deere & Company will post 19.57 earnings per share for the current 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 dividend of $1.62 per share. This is a positive change 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 is presently 25.31%.

Analysts Set New Price Targets

A number of research firms recently commented on DE. Barclays increased their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Truist Financial boosted their target price on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Oppenheimer increased their price target on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $442.83.

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.